Phocas Financial Increased Callon Pete Co Del (CPE) Stake; Last Week Valley National Bancorp (VLY) Coverage

April 17, 2018 - By Hazel Jackson

Phocas Financial Corp increased Callon Pete Co Del (CPE) stake by 32.98% reported in 2017Q4 SEC filing. Phocas Financial Corp acquired 244,605 shares as Callon Pete Co Del (CPE)’s stock rose 1.69%. The Phocas Financial Corp holds 986,364 shares with $11.98 million value, up from 741,759 last quarter. Callon Pete Co Del now has $2.74B valuation. The stock increased 2.11% or $0.28 during the last trading session, reaching $13.55. About 3.28M shares traded. Callon Petroleum Company (NYSE:CPE) has risen 0.92% since April 17, 2017 and is uptrending. It has underperformed by 10.63% the S&P500.

Among 11 analysts covering Valley National Bancorp (NYSE:VLY), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 55% are positive. Valley National Bancorp had 24 analyst reports since August 19, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating given on Thursday, January 28 by RBC Capital Markets. As per Wednesday, August 19, the company rating was upgraded by Zacks. The rating was maintained by Piper Jaffray with “Hold” on Tuesday, August 8. Keefe Bruyette & Woods upgraded the shares of VLY in report on Thursday, July 27 to “Buy” rating. Keefe Bruyette & Woods maintained Valley National Bancorp (NYSE:VLY) on Monday, May 29 with “Hold” rating. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, September 28. The firm has “Buy” rating by Hovde Group given on Tuesday, January 30. The firm earned “Equal-Weight” rating on Wednesday, January 31 by Morgan Stanley. As per Friday, March 16, the company rating was maintained by Piper Jaffray. The stock of Valley National Bancorp (NYSE:VLY) has “Sell” rating given on Tuesday, August 25 by Guggenheim. See Valley National Bancorp (NYSE:VLY) latest ratings:

16/03/2018 Broker: Piper Jaffray Rating: Buy New Target: $14.5 Maintain
31/01/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $13 New Target: $13.5 Maintain
30/01/2018 Broker: Hovde Group Rating: Buy New Target: $14.0 Maintain
29/01/2018 Broker: Piper Jaffray Rating: Buy New Target: $14.0 Maintain
25/01/2018 Broker: Sandler O’Neill Rating: Hold New Target: $13.0 Maintain
05/01/2018 Broker: PiperJaffray Old Rating: Neutral New Rating: Overweight Upgrade
21/12/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $15.0 Maintain
21/12/2017 Broker: RBC Capital Markets Rating: Outperform New Target: $14 Initiates Coverage On

Valley National Bancorp operates as the holding firm for the Valley National Bank that provides commercial, retail, trust, and investment services. The company has market cap of $3.97 billion. The firm operates through Commercial Lending, Consumer Lending, and Investment Management divisions. It has a 20.77 P/E ratio. The Company’s deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit.

The stock decreased 1.68% or $0.2 during the last trading session, reaching $11.98. About 1.62 million shares traded. Valley National Bancorp (NYSE:VLY) has risen 6.96% since April 17, 2017 and is uptrending. It has underperformed by 4.59% the S&P500.

Since January 29, 2018, it had 2 insider buys, and 0 sales for $68,558 activity. $43,613 worth of Valley National Bancorp (NYSE:VLY) was bought by Baum Peter J on Monday, January 29. LENNER MARC J bought $24,945 worth of stock or 2,040 shares.

Investors sentiment decreased to 1.3 in Q4 2017. Its down 0.36, from 1.66 in 2017Q3. It fall, as 23 investors sold Valley National Bancorp shares while 67 reduced holdings. 33 funds opened positions while 84 raised stakes. 165.19 million shares or 1.26% less from 167.29 million shares in 2017Q3 were reported. Tower Limited Liability Corporation (Trc) has invested 0% in Valley National Bancorp (NYSE:VLY). Icon Advisers Inc invested 0.11% in Valley National Bancorp (NYSE:VLY). Hourglass Limited Liability Company, a Texas-based fund reported 168,180 shares. Gideon Cap Advsrs Inc holds 0.13% or 13,159 shares in its portfolio. Commonwealth Of Pennsylvania Pub School Empls Retrmt reported 38,589 shares. Koch Indus Incorporated holds 0.09% or 52,869 shares. Gradient Invs Ltd reported 642,660 shares. Bessemer Grp has invested 0% in Valley National Bancorp (NYSE:VLY). Cibc Asset Mngmt Inc holds 10,423 shares or 0% of its portfolio. 67,011 were accumulated by Liberty Mutual Group Asset Mgmt Incorporated. 35,948 were reported by Stifel Financial. Ubs Asset Americas has invested 0% of its portfolio in Valley National Bancorp (NYSE:VLY). Public Employees Retirement Sys Of Ohio reported 13,455 shares. Engineers Gate Manager Lp stated it has 69,241 shares or 0.05% of all its holdings. Suntrust Banks reported 227,371 shares or 0.01% of all its holdings.

Phocas Financial Corp decreased Progenics Pharma Inc (NASDAQ:PGNX) stake by 60,978 shares to 1.44 million valued at $8.56 million in 2017Q4. It also reduced Iberiabank Corp (NASDAQ:IBKC) stake by 72,770 shares and now owns 144,181 shares. First Interstate Bancsystem (NASDAQ:FIBK) was reduced too.

Investors sentiment decreased to 1.41 in 2017 Q4. Its down 0.22, from 1.63 in 2017Q3. It is negative, as 28 investors sold CPE shares while 75 reduced holdings. 37 funds opened positions while 108 raised stakes. 258.40 million shares or 2.97% more from 250.94 million shares in 2017Q3 were reported. Regions Fincl owns 44,984 shares or 0.01% of their US portfolio. Royal Bancorporation Of Canada has invested 0.03% of its portfolio in Callon Petroleum Company (NYSE:CPE). Advisory Svcs Ntwk Limited Liability Corp has 0% invested in Callon Petroleum Company (NYSE:CPE). First Personal Serv invested in 0% or 979 shares. Sei Investments Com owns 30,617 shares. Moreover, Mutual Of America Mgmt Llc has 0.03% invested in Callon Petroleum Company (NYSE:CPE) for 163,007 shares. Bnp Paribas Arbitrage Sa holds 0% in Callon Petroleum Company (NYSE:CPE) or 89,032 shares. Etrade Mgmt Limited Company reported 0.03% stake. Legal & General Public Ltd Liability Com invested in 183,343 shares or 0% of the stock. The Colorado-based Employees Retirement Association Of Colorado has invested 0% in Callon Petroleum Company (NYSE:CPE). Pub Employees Retirement Systems Of Ohio reported 0.01% of its portfolio in Callon Petroleum Company (NYSE:CPE). Emerald Mutual Fund Advisers Tru stated it has 589,350 shares or 0.28% of all its holdings. Morgan Stanley owns 977,015 shares. Systematic Financial Management LP accumulated 889,771 shares or 0.22% of the stock. Dimensional Fund Advisors Ltd Partnership invested 0.07% of its portfolio in Callon Petroleum Company (NYSE:CPE).

Among 32 analysts covering Callon Petroleum (NYSE:CPE), 26 have Buy rating, 0 Sell and 6 Hold. Therefore 81% are positive. Callon Petroleum had 93 analyst reports since July 21, 2015 according to SRatingsIntel. FBR Capital maintained Callon Petroleum Company (NYSE:CPE) on Friday, September 9 with “Outperform” rating. The firm earned “Neutral” rating on Thursday, August 11 by Citigroup. The rating was initiated by RBC Capital Markets on Monday, September 21 with “Sector Perform”. The firm earned “Neutral” rating on Wednesday, June 29 by Citigroup. RBC Capital Markets maintained the shares of CPE in report on Thursday, August 24 with “Buy” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, February 2 report. The stock of Callon Petroleum Company (NYSE:CPE) earned “Buy” rating by KeyBanc Capital Markets on Monday, October 23. The stock has “Overweight” rating by Barclays Capital on Wednesday, April 26. Imperial Capital maintained Callon Petroleum Company (NYSE:CPE) on Monday, November 9 with “Outperform” rating. Northland Capital maintained the shares of CPE in report on Friday, November 6 with “Outperform” rating.

Valley National Bancorp (NYSE:VLY) Institutional Positions Chart

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