Valley National Bancorp (NYSE:VLY) registered a -1.01% decrease, still its new closing price is 45.94% up from the company’s 1 year high of 12.34.It posted -3.44% losses in previous 5 sessions and is now the subject of 6 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 0 buy or better ratings. The 7 stock analysts following this company have an average price target at $12.36, with individual PT in the $10.50-$14.00 range. The shares moved at $11.78, implying that brokerage firms see shares gaining about 41.25% in twelve months time.
Valley National Bancorp (VLY) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 1.20% rise year to date. A Director at Valley National Bancorp (VLY) offloaded shares in a transaction closed on Tuesday November 15, 2016. GUILFOILE MARY sold 50,000 shares in the company at $11.08 each and collected $554,000 in proceeds. GUILFOILE MARY now owns 396,237 shares in the company after this transaction. A Director in the company, GUILFOILE MARY, disclosed a transaction on Tuesday June 14, 2016 that ended up generating $91,000 from the sale of 10,000 shares at $9.11 per share.
Valley National Bancorp (NYSE:VLY) Upcoming Results on Tap
Valley National Bancorp will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.17 in that period. Sales during the quarter are predicted to arrive at $184.78 million.
Earnings surprise history: Last quarter, the company posted approximately $197.05 million in revenue and EPS of $0.19. The mean forecast was for $185.4 million and $0.18 a share, respectively. One quarter earlier, revenue for the stock was at $179 million, with earnings at $0.16/share.
Valley National Bancorp (VLY) Brokerage Update
Valley National Bancorp (VLY) is in Sandler O’Neill’s research list so their analyst rating change is noteworthy. These shares were downgraded to Hold from Buy by Sandler O’Neill, according to news reported on Monday November 14, 2016.Another important research note was issued by Piper Jaffray on Monday August 08, 2016.The firm downgraded VLY to Neutral from Overweight. Over the last six months and over the last three months, the shares of Valley National Bancorp (VLY), have changed 32.65% and 21.62%, respectively.