<div id="readability-page-1"><p>Newbridge Financial Services Group Inc. bought a new position in shares of  Valley National Bancorp (NASDAQ:VLY - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor  bought 88,685 shares of the company's stock, valued at approximately $792,000.</p><ul><li>3 high-yielding, small banks to buy on the dip</li></ul><p>Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swiss National Bank raised its stake in shares of  Valley National Bancorp by 14.4% in the first quarter. Swiss National Bank now owns 973,960 shares of the company's stock valued at $8,659,000 after acquiring an additional 122,600 shares in the last quarter.  Nuveen LLC purchased a new stake in  Valley National Bancorp during the 1st quarter worth about $15,890,000.  Russell Investments Group Ltd. raised its position in  Valley National Bancorp by 35.2% in the 1st quarter. Russell Investments Group Ltd. now owns 361,845 shares of the company's stock valued at $3,216,000 after purchasing an additional 94,289 shares in the last quarter.  Dimensional Fund Advisors LP boosted its stake in shares of  Valley National Bancorp by 4.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 30,040,885 shares of the company's stock valued at $267,054,000 after buying an additional 1,377,676 shares during the period.  Finally, Algert Global LLC grew its position in shares of  Valley National Bancorp by 1,593.5% during the first quarter. Algert Global LLC now owns 1,380,089 shares of the company's stock worth $12,269,000 after buying an additional 1,298,597 shares in the last quarter. Hedge funds and other institutional investors own  61.00% of the company's stock. </p><h2>Valley National Bancorp Price Performance</h2><p>Shares of NASDAQ:VLY opened at $11.92 on Monday. Valley National Bancorp has a 12 month low of $7.48 and a 12 month high of $12.03. The firm has a market capitalization of $6.65 billion, a P/E ratio of 13.55 and a beta of 1.10. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.97 and a quick ratio of 0.97. The company's fifty day moving average price is $10.94 and its 200 day moving average price is $10.14. </p><ul><li>S&amp;P Downgrades 5 Banks: What Does It Mean For The Market?</li></ul><p>Valley National Bancorp (NASDAQ:VLY - Get Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.02. Valley National Bancorp had a return on equity of 6.67% and a net margin of 14.86%.The company had revenue of $511.08 million for the quarter, compared to analyst estimates of $511.47 million. During the same quarter last year, the company posted $0.18 earnings per share. The business's quarterly revenue was up 8.5% compared to the same quarter last year.  As a group, sell-side analysts predict that  Valley National Bancorp will post 0.99 earnings per share for the current fiscal year. </p><h2>Valley National Bancorp Announces Dividend</h2><p>The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 15th will be paid a $0.11 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.44 dividend on an annualized basis and a yield of 3.7%. Valley National Bancorp's payout ratio is currently 50.00%. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>Analysts Remain Bullish On These 3 Regional Banks</li></ul><p>Several analysts recently weighed in on VLY shares. Morgan Stanley raised their target price on shares of Valley National Bancorp from $13.00 to $14.00 and gave the company an &#34;overweight&#34; rating in a report on Monday, September 29th. JPMorgan Chase &amp; Co. increased their price objective on shares of Valley National Bancorp from $13.00 to $14.00 and gave the company an &#34;overweight&#34; rating in a research report on Friday, October 24th. Barclays  reaffirmed a &#34;positive&#34; rating on shares of Valley National Bancorp in a research report on Wednesday, October 8th. Citigroup raised Valley National Bancorp from a &#34;neutral&#34; rating to a &#34;buy&#34; rating and increased their target price for the company from $10.00 to $13.50 in a report on Monday, September 15th. Finally, Keefe, Bruyette &amp; Woods lifted their price target on Valley National Bancorp from $11.50 to $12.00 and gave the stock a &#34;market perform&#34; rating in a report on Friday, October 24th. One equities research analyst  has rated the stock with a Strong Buy rating, thirteen have assigned  a Buy rating and three have assigned  a Hold rating to the stock. According to data from MarketBeat, the stock  has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $13.25.</p><p><b>View Our Latest Research Report on Valley National Bancorp</b></p><h2>Valley National Bancorp Company Profile</h2> (Free Report)<p>Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments.</p><h2>See Also</h2><ul><li>Five stocks we like better than Valley National Bancorp</li><li>EV Stocks and How to Profit from Them </li><li>Dave &amp; Buster’s Reversal Is in PLAY After Double-Bottom Breakout</li><li>What Does a Stock Split Mean? </li><li>3 Finance Stocks to Buy on Rising 10-Year Treasury Rates</li><li>What to Know About Investing in Penny Stocks</li><li>Disney's $1 Billion Deal Brings Its Magic to OpenAI</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VkxZ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VkxZ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Valley National Bancorp Right Now?</h2><p>Before you consider Valley National Bancorp, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Valley National Bancorp wasn't on the list.</p><p>While Valley National Bancorp currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Newbridge Financial Services Group Inc. acquired 88,685 shares of Valley National Bancorp, valued at approximately $792,000, during the second quarter. This acquisition is part of a broader trend of institutional investors adjusting their stakes in Valley National Bancorp. The company's stock performance and analyst ratings indicate a positive outlook, with several analysts upgrading their price targets and ratings for the stock.</p>

Newbridge Financial Services Group Inc. Acquires New Position in Valley National Bancorp $VLY