Mitchell Crandell Sells 25,495 Shares of VLY
VLY's EVP & Chief Accounting Officer, Mitchell Crandell, sold shares worth $372,991.85.
Key Points
- Mitchell Crandell, EVP & Chief Accounting Officer of VLY, sold 25,495 shares on June 12, 2026, at an average price of $14.63.
- VLY shares traded near $14.44, with institutional investors like BlackRock and Vanguard making notable changes to their positions.
- Analysts from Morgan Stanley and TD Cowen have recently updated their ratings and price targets for VLY.
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Mitchell Crandell, the Executive Vice President and Chief Accounting Officer at VLY, sold 25,495 shares of the company on June 12, 2026. The shares were sold at an average price of $14.63, totaling about $372,991.85.
Insider Buying and Selling at Valley National Bancorp
Crandell's transaction was not part of a pre-arranged trading plan. Besides his sale, other insiders including Kathleen Perrott, Eyal Efrat, Nitzan Sandor, Carlos Vazquez, and Melissa Schultz each bought 8,121 shares on May 18, 2026, though the transaction price was not disclosed.
Other Institutional Activity in VLY
Among institutional investors, BlackRock, Inc. increased its holdings in VLY by 211,924 shares, bringing its total to approximately 70.7 million shares valued at $867.7 million. Dimensional Fund Advisors LP, however, reduced its stake by 637,399 shares, ending with about 29.7 million shares worth $365.2 million. Vanguard Portfolio Management LLC entered with a new position of 25 million shares, valued at $307 million, while State Street Corp reduced its holdings by nearly 2.9 million shares, maintaining about 23.3 million shares valued at $289.1 million. Wellington Management Group LLP significantly increased its stake by over 3.8 million shares, now holding about 15.5 million shares valued at $190.5 million.
Valley National Bancorp Stock Up 3.7%
Shares of VLY traded near $14.44. The company's stock has experienced varied institutional activity, reflecting shifts in investor sentiment. The market dynamics are influenced by both insider transactions and analyst opinions.
$VLY stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On May 6, 2026, Morgan Stanley downgraded VLY to a 'hold' rating with a price target of $15. TD Cowen maintained a 'buy' rating with a $17 target on April 27, 2026. Other firms such as Piper Sandler and JP Morgan have reiterated their 'buy' ratings with targets ranging between $14.5 and $16.
About VLY
VLY operates within the financial sector, providing a range of banking and financial services. Its offerings include retail and commercial banking, wealth management, and mortgage services. The company is headquartered in the United States and serves a diverse clientele through its network of branches and digital platforms.
Bottom Line
Mitchell Crandell's recent sale of VLY shares highlights ongoing insider activity within the company. Investors track these transactions for insights into insider sentiment. The stock's recent institutional movements and analyst updates provide further context for market watchers. As always, remember that 13F filings and insider transactions are backward-looking and might not reflect the current positions or intentions of the parties involved.
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