Valley National Bancorp stock is trading -22.11% below its average target price of $10.83 after marking a 7.2% during today's afternoon session. Analysts are giving the mid-cap Banking company an average rating of buy and target prices ranging from $9.0 to $13.0 per share.
Valley National Bancorp has an average level of shares sold short, at 8.3% of its total share float. The stock's short ratio (also called days to cover) is 3.09. Since 1.42% of the company's shares are owned by insiders, we can infer that there is a degree of alignment between management and shareholder interests.
Institutional investors own 73.8% of Valley National Bancorp's shares, which indicates they have a high level of confidence in the company.
Institutions Invested in Valley National Bancorp
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Blackrock Inc. | 13% | 63,831,169 | $538,415,937 |
| 2023-03-31 | Vanguard Group, Inc. (The) | 9% | 45,335,974 | $382,408,959 |
| 2023-03-31 | Dimensional Fund Advisors LP | 4% | 21,617,947 | $182,347,392 |
| 2023-03-31 | State Street Corporation | 4% | 21,108,081 | $178,046,672 |
| 2023-03-31 | Macquarie Group Limited | 4% | 18,703,414 | $157,763,304 |
| 2023-03-31 | Fuller & Thaler Asset Management Inc. | 3% | 13,838,710 | $116,729,524 |
| 2023-03-31 | American Century Companies, Inc. | 2% | 10,745,650 | $90,639,562 |
| 2023-03-31 | Wellington Management Group, LLP | 2% | 9,443,887 | $79,659,190 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 8,649,210 | $72,956,089 |
| 2023-03-31 | Bank Of New York Mellon Corporation | 1% | 5,594,627 | $47,190,681 |
