Chairman, President and CEO of Valley National Bancorp (VLY) Gerald H Lipkin sells 64,000 shares of VLY on 02/09/2010 at an average price of $13.31 a share.

Valley National Bancorp has a market cap of $2.05 billion; its shares were traded at around $13.43 with a P/E ratio of 20.4 and P/S ratio of 2.7. The dividend yield of Valley National Bancorp stocks is 5.7%. Valley National Bancorp had an annual average earning growth of 0.6% over the past 5 years.

VLY is in the portfolios of Chuck Royce of ROYCE & ASSOCIATES, Richard Snow of Snow Capital Management, L.P., Bruce Kovner of Caxton Associates, Jeremy Grantham of GMO LLC.

This is the annual revenues and earnings per share of VLY over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of VLY.

CEO Recent Trades:

• Buy:: Chairman, President and CEO Gerald H Lipkin bought 56,610 shares of VLY stock on 01/26/2010 at the average price of 13.76, the price of the stock has decreased by 2.4% since.

This is the insider trade history vs. stock price of VLY. For the complete insider trading history of VLY, click here.

Directors and Officers Recent Trades:

• Buy:: Director Eric P Edelstein bought 4,000 shares of VLY stock on 01/28/2010 at the average price of 14.07, the price of the stock has decreased by 4.55% since.


• Buy:: Director Barnett Rukin bought 1,800 shares of VLY stock on 01/26/2010 at the average price of 13.7, the price of the stock has decreased by 1.97% since.


• Buy:: Executive Vice President James G Lawrence bought 2,971 shares of VLY stock on 08/28/2009 at the average price of 11.78, the price of the stock has increased by 14.01% since.


• Sell:: Senior Vice President Stephen P Davey sold 867 shares of VLY stock on 12/14/2009 at the average price of 13.16, the price of the stock has increased by 2.05% since.


• Sell:: Executive Vice President Robert Meyer sold 5,589 shares of VLY stock on 11/19/2009 at the average price of 13.38, the price of the stock has increased by 0.37% since.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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