Here is What Hedge Funds Think About Valley National Bancorp (VLY)

Page 1 of 2

Is Valley National Bancorp (NYSE:VLY) worth your attention right now? Money managers are reducing their bets on the stock. The number of bullish hedge fund positions went down by 2 lately.

To the average investor, there are plenty of methods shareholders can use to watch stocks. Some of the most useful are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the elite hedge fund managers can outpace the S&P 500 by a solid amount (see just how much).

Just as beneficial, optimistic insider trading sentiment is a second way to parse down the stock market universe. As the old adage goes: there are lots of reasons for an upper level exec to drop shares of his or her company, but only one, very clear reason why they would initiate a purchase. Various empirical studies have demonstrated the valuable potential of this method if shareholders understand where to look (learn more here).

Now, let’s take a look at the recent action surrounding Valley National Bancorp (NYSE:VLY).

How are hedge funds trading Valley National Bancorp (NYSE:VLY)?

At Q1′s end, a total of 9 of the hedge funds we track were bullish in this stock, a change of -18% from the previous quarter.

Valley National Bancorp (NYSE:VLY)Since Valley National Bancorp (NYSE:VLY) has faced declining sentiment from the entirety of the hedge funds we track, logic holds that there exists a select few fund managers that slashed their positions entirely last quarter. Interestingly, Israel Englander’s Millennium Management sold off the largest stake of the “upper crust” of funds we track, worth about $0.7 million in stock, and Paul Tudor Jones of Tudor Investment Corp was right behind this move, as the fund said goodbye to about $0.3 million worth. These transactions are important to note, as total hedge fund interest fell by 2 funds last quarter.

How are insiders trading Valley National Bancorp (NYSE:VLY)?

Insider buying is best served when the primary stock in question has seen transactions within the past six months. Over the last 180-day time period, Valley National Bancorp (NYSE:VLY) has experienced zero unique insiders buying, and 2 insider sales (see the details of insider trades here).

Let’s also take a look at hedge fund and insider activity in other stocks similar to Valley National Bancorp (NYSE:VLY). These stocks are National Penn Bancshares (NASDAQ:NPBC), Fulton Financial Corp (NASDAQ:FULT), Susquehanna Bancshares Inc (NASDAQ:SUSQ), and Webster Financial Corporation (NYSE:WBS). This group of stocks are in the regional – northeast banks industry and their market caps resemble VLY’s market cap.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!