Arfstrom covers the Financial sector, focusing on stocks such as Associated Banc-Corp, First Horizon, and Western Alliance. According to TipRanks, Arfstrom has an average return of 15.3% and a 62.42% success rate on recommended stocks.
In addition to RBC Capital, Valley National Bancorp also received a Buy from J.P. Morgan’s Anthony Elian in a report issued on July 1. However, on June 29, Morgan Stanley maintained a Hold rating on Valley National Bancorp (NASDAQ: VLY).
Based on Valley National Bancorp’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $871.56 million and a net profit of $163.91 million. In comparison, last year the company earned a revenue of $843.06 million and had a net profit of $106.06 million
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VLY in relation to earlier this year. Last month, Mitchell Crandell, the EVP & CAO of VLY sold 25,495.00 shares for a total of $372,991.85.
