Russell Investments Group Ltd. has significantly increased its investment position in Valley National Bancorp, according to first-quarter activity. The institutional investor boosted its holdings by 94,289 shares, representing a substantial 35.2 percent increase. This move brings Russell Investments’ total stake to approximately 361,845 shares, valued at $3.22 million.
Such a notable expansion of a position by a major institutional player is widely interpreted on Wall Street as a strong vote of confidence. It highlights growing institutional interest in the regional banking sector, with Valley National appearing as a specific point of focus.
The bank’s recent quarterly performance provides clear justification for this investor optimism. Valley National posted earnings per share (EPS) of $0.23, surpassing market expectations. The company further demonstrated operational strength by generating revenue of $495.01 million.
Should investors sell immediately? Or is it worth buying Valley National?
Beyond growth, the bank offers shareholders a reliable income stream through its dividend policy:
* A quarterly dividend payout of $0.11 per share
* This translates to an attractive annual dividend yield of 4.3%
* The company maintains a sustainable payout ratio of 56.41%
The powerful combination of better-than-anticipated earnings and a compelling dividend yield makes Valley National Bancorp a notable candidate for institutional portfolios. The decisive action taken by Russell Investments serves to underscore this investment appeal.
Ad
Valley National Stock: Buy or Sell?! New Valley National Analysis from October 11 delivers the answer:
The latest Valley National figures speak for themselves: Urgent action needed for Valley National investors. Is it worth buying or should you sell? Find out what to do now in the current free analysis from October 11.
Valley National: Buy or sell? Read more here...
