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PL Capital Advisors LLC increased their holdings in Valley National Bancorp (NASDAQ:VLY – Free Report) by 49,900.0% in the third quarter. They now own 100,000 shares after acquiring an additional 99,800 shares during the quarter, valued at $856,000. Other hedge funds, including BlackRock Inc., Vanguard Group Inc., State Street Corp., Dimensional Fund Advisors LP and Macquarie Group Ltd., have also raised their holdings in the company. Insider Selling Recent insider transactions include the sale of 100,000 shares by EVP Joseph Chillura, valued at $864,000. Analyst Ratings Wall Street analysts have given Valley National Bancorp a “Hold” rating, however some have cut their price target on the stock while others have given it a “Buy” rating. Revenue Report The company reported revenue of $449.97 million, missing analysts’ expectations of $467.49 million. The consensus estimate was $0.25 per share and EPS came at $0.22. Following these results, the company announced a quarterly dividend of $0.11 per share on an annualized basis of $0.44, yielding 4.26%. The ex-dividend date was December 13th and the record date was December 14th. Valley National Bancorp also operates as the holding company for Valley National Bank, offering financial services. The company released a stock report alert on MarketBeat, generated by narrative science technology and financial data. Despite its current “Hold” rating among analysts, five stocks are considered better buys. Valley National Bancorp is seeing a 52-week low of $6.39 and high of $12.61, with a current price of about $10.34. The company’s market capitalization is $5.25 billion. The company has a debt-to-equity ratio of 0.37 and a beta of 1.16.



Read more: PL Capital Advisors LLC Acquires 99,800 Shares of Valley National Bancorp (NASDAQ:VLY)