Valley National Bancorp (NYSE:VLY) Shorted Shares Increased By 7.06%

June 14, 2018 - By Vivian Park

Investors sentiment decreased to 1.12 in 2018 Q1. Its down 0.18, from 1.3 in 2017Q4. It is negative, as 33 investors sold Valley National Bancorp shares while 64 reduced holdings. 29 funds opened positions while 80 raised stakes. 178.23 million shares or 7.90% more from 165.19 million shares in 2017Q4 were reported.
Stifel Corporation reported 46,215 shares. Virtu Ltd Co invested in 13,285 shares or 0.01% of the stock. Thrivent Financial For Lutherans has 59,653 shares for 0% of their portfolio. Cibc Asset Mngmt invested in 10,423 shares. Moreover, Fmr Ltd Llc has 0% invested in Valley National Bancorp (NYSE:VLY) for 2.59M shares. Invesco holds 0% of its portfolio in Valley National Bancorp (NYSE:VLY) for 670,860 shares. Advisory Networks Ltd Liability Co accumulated 2,984 shares. Markston Int Limited Liability Corporation has invested 0% of its portfolio in Valley National Bancorp (NYSE:VLY). 375,748 are owned by Private Capital Mngmt Ltd Liability. Michigan-based Ls Investment Advisors Lc has invested 0.01% in Valley National Bancorp (NYSE:VLY). Stone Ridge Asset Management Lc reported 22,327 shares. Ny State Common Retirement Fund reported 276,400 shares or 0% of all its holdings. Raymond James Fincl Svcs Inc holds 136,153 shares. Boston Advsrs Ltd Liability stated it has 0.17% of its portfolio in Valley National Bancorp (NYSE:VLY). Axa invested in 0% or 20,800 shares.

Since January 29, 2018, it had 2 buys, and 5 sales for $6.81 million activity. The insider Steans Jennifer W sold 175,300 shares worth $2.24 million. On Monday, February 5 the insider LENNER MARC J bought $24,945. KORDE GERALD sold 5,000 shares worth $66,350. $236,079 worth of Valley National Bancorp (NYSE:VLY) was sold by GUILFOILE MARY. On Monday, January 29 the insider Baum Peter J bought $43,613. LIPKIN GERALD H sold 260,065 shares worth $3.33 million.

The stock of Valley National Bancorp (NYSE:VLY) registered an increase of 7.06% in short interest. VLY’s total short interest was 13.68 million shares in June as published by FINRA. Its up 7.06% from 12.77 million shares, reported previously. With 2.38 million shares average volume, it will take short sellers 6 days to cover their VLY’s short positions. The short interest to Valley National Bancorp’s float is 5.37%.

The stock decreased 0.70% or $0.09 during the last trading session, reaching $12.76. About 2.77 million shares traded or 11.86% up from the average. Valley National Bancorp (NYSE:VLY) has risen 11.46% since June 14, 2017 and is uptrending. It has underperformed by 1.11% the S&P500.

Valley National Bancorp operates as the holding firm for the Valley National Bank that provides commercial, retail, trust, and investment services. The company has market cap of $4.23 billion. The firm operates through Commercial Lending, Consumer Lending, and Investment Management divisions. It has a 24.4 P/E ratio. The Company’s deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit.

Valley National Bancorp (NYSE:VLY) Ratings Coverage

Among 7 analysts covering Valley National (NYSE:VLY), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Valley National had 10 analyst reports since December 21, 2017 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, January 25 by Sandler O’Neill. Sandler O’Neill upgraded the shares of VLY in report on Thursday, April 26 to “Buy” rating. The rating was maintained by Piper Jaffray with “Buy” on Monday, January 29. The firm earned “Equal-Weight” rating on Monday, April 30 by Morgan Stanley. Morgan Stanley maintained it with “Equal-Weight” rating and $13.5 target in Wednesday, January 31 report. On Tuesday, January 30 the stock rating was maintained by Hovde Group with “Buy”. The firm has “Buy” rating given on Friday, March 16 by Piper Jaffray. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. On Friday, January 5 the stock rating was upgraded by PiperJaffray to “Overweight”.

Valley National Bancorp (NYSE:VLY) Institutional Positions Chart

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