Denver Investment Advisors buys $23.5 Million stake in Valley National Bancorp (VLY)

Valley National Bancorp (VLY) : Denver Investment Advisors scooped up 13,471 additional shares in Valley National Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 2,627,259 shares of Valley National Bancorp which is valued at $23.5 Million.Valley National Bancorp makes up approximately 1.06% of Denver Investment Advisors’s portfolio.

Other Hedge Funds, Including , Oppenheimerfunds boosted its stake in VLY in the latest quarter, The investment management firm added 2,299 additional shares and now holds a total of 20,343 shares of Valley National Bancorp which is valued at $182,273.Mutual Of America Capital Management boosted its stake in VLY in the latest quarter, The investment management firm added 2,644 additional shares and now holds a total of 150,715 shares of Valley National Bancorp which is valued at $1.4 Million. Valley National Bancorp makes up approx 0.03% of Mutual Of America Capital Management’s portfolio.State Treasurer State Of Michigan boosted its stake in VLY in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 89,214 shares of Valley National Bancorp which is valued at $804,710. Valley National Bancorp makes up approx 0.01% of State Treasurer State Of Michigan’s portfolio.Tci Wealth Advisors reduced its stake in VLY by selling 15 shares or 22.39% in the most recent quarter. The Hedge Fund company now holds 52 shares of VLY which is valued at $492.Russell Frank Co boosted its stake in VLY in the latest quarter, The investment management firm added 1,104 additional shares and now holds a total of 266,396 shares of Valley National Bancorp which is valued at $2.5 Million.

Valley National Bancorp opened for trading at $9.18 and hit $9.27 on the upside on Friday, eventually ending the session at $9.19, with a gain of 0.55% or 0.05 points. The heightened volatility saw the trading volume jump to 20,46,834 shares. Company has a market cap of $2,338 M.

On the company’s financial health, Valley National Bancorp reported $0.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $0.15.Analysts expectations of $ 179.68.During the same quarter in the previous year, the company posted $0.13 EPS.

Valley National Bancorp (Valley) is a bank holding company. The Company operates through its subsidiary Valley National Bank (Bank). The Bank operates in four segments: commercial lending consumer lending investment management and corporate and other adjustments. Its Wealth Management Division is consisted of trust asset management and insurance services. It provides a range of commercial retail insurance and wealth management financial services products. It provides various banking services including automated teller machines telephone and Internet banking remote deposit capture and deposit facilities. It also provides international banking services to customers including letters of credit documentary letters of credit and related products. It operates approximately 211 branch locations serving over 24 counties throughout northern and central New Jersey the New York City boroughs of Manhattan Brooklyn Queens and Long Island and Florida.

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