.jpg "Valley National Bancorp (NYSE: VLY)")
Today, a Director at Valley National Bancorp (NYSE: VLY), Gerald Lipkin, sold shares of VLY for $3.33M.
This is Lipkin’s first Sell trade following 5 Buy transactions. Following Gerald Lipkin’s last VLY Sell transaction on June 22, 2015, the stock climbed by 3.7%.
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Based on Valley National Bancorp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $300 million and quarterly net profit of $41.97 million. In comparison, last year the company earned revenue of $224 million and had a net profit of $46.1 million. VLY’s market cap is $4.25B and the company has a P/E ratio of 24.23. Currently, Valley National Bancorp has an average volume of 252.2K.
The insider sentiment on Valley National Bancorp has been negative according to 62 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Gerald Lipkin’s trades have generated a 7.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Valley National Bancorp is a bank holding company, which engages in the provision of retail and commercial banking services. It operates through the following segments: Consumer Lending; Commercial Lending; Investment Management; and Corporate and other adjustments.
