Universal Beteiligungs und Servicegesellschaft mbH Invests $3.28 Million in Valley National Bancorp (NASDAQ:VLY)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Valley National Bancorp (NASDAQ:VLY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 361,757 shares of the company's stock, valued at approximately $3,278,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of Valley National Bancorp as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. KBC Group NV raised its position in shares of Valley National Bancorp by 24.8% during the 4th quarter. KBC Group NV now owns 18,035 shares of the company's stock worth $163,000 after acquiring an additional 3,585 shares in the last quarter. Pacer Advisors Inc. increased its stake in Valley National Bancorp by 8.8% in the fourth quarter. Pacer Advisors Inc. now owns 67,976 shares of the company's stock valued at $616,000 after purchasing an additional 5,503 shares during the last quarter. R Squared Ltd acquired a new stake in Valley National Bancorp during the fourth quarter worth approximately $25,000. Retirement Systems of Alabama raised its holdings in Valley National Bancorp by 11.1% during the fourth quarter. Retirement Systems of Alabama now owns 577,295 shares of the company's stock worth $5,230,000 after purchasing an additional 57,684 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its position in shares of Valley National Bancorp by 5.0% during the 4th quarter. Yousif Capital Management LLC now owns 165,180 shares of the company's stock worth $1,497,000 after buying an additional 7,818 shares during the last quarter. Hedge funds and other institutional investors own 61.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VLY. Truist Financial started coverage on shares of Valley National Bancorp in a research report on Tuesday, May 13th. They issued a "hold" rating and a $10.00 target price on the stock. Jefferies Financial Group started coverage on Valley National Bancorp in a research report on Wednesday, May 21st. They set a "hold" rating and a $10.00 target price on the stock. Barclays reduced their target price on Valley National Bancorp from $11.00 to $10.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Piper Sandler upgraded Valley National Bancorp from a "neutral" rating to an "overweight" rating and set a $11.00 price target on the stock in a research note on Monday, March 24th. Finally, Wall Street Zen lowered Valley National Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $10.55.

Valley National Bancorp Stock Performance

Shares of VLY stock traded down $0.08 during midday trading on Wednesday, hitting $8.68. The company had a trading volume of 8,792,639 shares, compared to its average volume of 7,534,871. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 12.58 and a beta of 1.05. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.98 and a quick ratio of 0.98. The company's 50 day simple moving average is $8.62 and its 200 day simple moving average is $9.30. Valley National Bancorp has a 52-week low of $6.47 and a 52-week high of $11.10.

Valley National Bancorp (NASDAQ:VLY - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). The company had revenue of $479.67 million for the quarter, compared to analyst estimates of $483.98 million. Valley National Bancorp had a return on equity of 5.14% and a net margin of 10.62%. During the same period in the prior year, the business earned $0.19 earnings per share. Research analysts anticipate that Valley National Bancorp will post 0.99 earnings per share for the current fiscal year.

Valley National Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.07%. Valley National Bancorp's dividend payout ratio (DPR) is 63.77%.

Valley National Bancorp Company Profile

Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments.