high
Buy
1,000,000 shares
$9,350,000
Significance
6/10
Bank Leumi (10% owner) buys 1,000,000 shares of VLY at $9.35, raising stake to 72,861,862 shares
Bank Leumi purchased 1,000,000 shares at $9.35 on 2024-11-08, increasing its already substantial 10% ownership stake to 72,861,862 shares. The transaction price of $9.35 sits below the current price of $9.84 and meaningfully below the 52-week high of $10.78, placing the purchase in the lower half of the recent trading range. As a major shareholder adding to its position, this incremental accumulation is noteworthy for its scale and signal of continued commitment, though the modest 1.4% increase relative to pre-transaction holdings suggests measured capital deployment rather than aggressive expansion of the stake.