Valley National Bancorp (NASDAQ:VLYPO – Get Free Report) saw a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 2,600 shares, a drop of 25.7% from the January 15th total of 3,500 shares. Based on an average trading volume of 7,100 shares, the days-to-cover ratio is presently 0.4 days.
Valley National Bancorp Stock Up 0.4 %
Shares of NASDAQ:VLYPO opened at $25.24 on Friday. Valley National Bancorp has a 12-month low of $21.61 and a 12-month high of $26.01. The business’s 50 day moving average is $25.12 and its 200 day moving average is $25.08.
Valley National Bancorp Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were paid a $0.5336 dividend. The ex-dividend date was Friday, December 13th. This represents a $2.13 dividend on an annualized basis and a yield of 8.46%.
Valley National Bancorp Company Profile
Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments.
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