Valley National Bancorp director Sani sells $300,188 in shares

Director Suresh L. Sani of Valley National Bancorp sold 22,828 shares of the company's common stock on April 14, 2026, for a total of $300,188. The sale, executed by an independent investment manager without his prior knowledge, occurred at prices ranging from $13.15 to $13.1525. Since the transaction, the stock has appreciated to $14.34, marking a year-to-date gain of nearly 26%.

Valley National Bancorp has a strong financial track record, boasting a P/E ratio of 11.4 and maintaining dividend payments for 53 consecutive years. The shares sold were held by trusts for two employer-sponsored profit-sharing plans, for which Sani serves as a co-trustee and beneficiary, and he currently holds a total of 109,362 shares of common stock across various trusts.

Valley National Bancorp's recent third-quarter 2026 earnings exceeded Wall Street estimates, with adjusted earnings of $0.36 per share and revenue of $584.15 million. The company anticipates closing the year at the high end of its guidance ranges. Keefe, Bruyette & Woods upgraded the stock rating from Market Perform to Outperform, citing strong net interest income growth and net interest margin expansion.

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