Valley National Director Sani Offloads $300K in Shares Held Through Profit-Sharing Trusts

The sale, executed by an independent manager without Sani's prior knowledge, leaves him with direct holdings of 83,946 common shares and 4,416 preferred shares.

Suresh L. Sani, a director at Valley National Bancorp (NYSE: VLY), sold 22,828 shares of common stock on April 14, 2026, for a total of $300,188, at prices between $13.15 and $13.1525. The shares were held by trusts for two employer-sponsored profit-sharing plans, where Sani is a co-trustee and beneficiary but has no investment control. The sale was executed by an independent investment manager without his prior knowledge or consent. Following the transaction, Sani directly holds 83,946 common shares and 4,416 preferred shares, and indirectly holds 21,562 common shares as a co-trustee for pension trusts and 5,705 common shares as a trustee for his daughter. Valley National's stock has since risen to $14.34, up nearly 26% year-to-date, and trades at a P/E ratio of 11.4. The company has paid dividends for 53 consecutive years. In other news, Valley National reported third-quarter 2026 adjusted earnings of $0.36 per share, beating estimates of $0.33, with revenue of $584.15 million. The company expects to close the year at the high end of its guidance ranges. Keefe, Bruyette & Woods upgraded the stock from Market Perform to Outperform, citing net interest income growth, net interest margin expansion, and a valuation discount versus peers.

Valley National Director Sani Offloads $300K in Shares Held Through Profit-Sharing Trusts

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Key Points

Director Suresh L. Sani sold 22,828 Valley National shares for $300,188, with the sale executed by an independent manager without his prior knowledge or consent.
The shares were held in trusts for employer-sponsored profit-sharing plans, over which Sani has no investment control.
Valley National reported third-quarter 2026 adjusted earnings of $0.36 per share, beating estimates, and revenue of $584.15 million, also above expectations.
Keefe, Bruyette & Woods upgraded the stock to Outperform, citing net interest income growth, margin expansion, and a valuation discount.

Valley National Bancorp (NYSE: VLY) director Suresh L. Sani sold 22,828 shares of the company's common stock on April 14, 2026, according to a regulatory filing. The transactions totaled $300,188, with shares changing hands at prices ranging from $13.15 to $13.1525. Since the sale, the stock has climbed to $14.34, reflecting a year-to-date gain of nearly 26%.

The shares were held by trusts established for two employer-sponsored profit-sharing plans. Mr. Sani serves as a co-trustee and beneficiary of these trusts but, according to the filing, possesses no investment control over them. The sale was executed by an independent investment manager without Mr. Sani's prior knowledge or consent.

Following these transactions, Mr. Sani directly holds 83,946 shares of common stock and 4,416 shares of preferred stock. He also indirectly holds 21,562 shares of common stock as a co-trustee for pension trusts and 5,705 shares of common stock as a trustee for his daughter.

Valley National trades at a price-to-earnings ratio of 11.4, according to InvestingPro analysis, and has maintained dividend payments for 53 consecutive years. The platform offers additional insights through its comprehensive Pro Research Report, available for this and more than 1,400 US equities.

In other recent developments, Valley National reported third-quarter 2026 earnings that surpassed Wall Street estimates. Adjusted earnings came in at $0.36 per share, compared to the projected $0.33. Revenue also exceeded expectations, reaching $584.15 million. The company announced that it anticipates closing the year at the high end of its guidance ranges.

Separately, Keefe, Bruyette & Woods upgraded Valley National's stock rating from Market Perform to Outperform. The upgrade was attributed to the bank's net interest income growth and net interest margin expansion. The firm also highlighted that Valley National trades at a valuation discount compared to its peers. These updates reflect the bank's positive financial trajectory and market positioning.

The stock most recently traded at $14.34, down $0.04 or 0.28%, in closed trading. In after-hours activity, the shares were unchanged at $14.34.

Risks

Insider selling activity, even when executed without the director's prior knowledge, could be perceived negatively by some investors and pressure the stock price.
The bank's guidance to close the year at the high end of its ranges may be subject to economic or market conditions that could affect actual results.
The valuation discount relative to peers may persist if net interest income growth or margin expansion does not continue as anticipated.

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Valley National Director Sani Offloads $300K in Shares Held Through Profit-Sharing Trusts

Key Points

Risks

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