Valley National Bancorp (NASDAQ:VLYPP) Short Interest Down 13.7% in March

Valley National Bancorp (NASDAQ:VLYPP) was the target of a large decline in short interest in March. As of March 13th, there was short interest totaling 33,277 shares, a decline of 13.7% from the February 26th total of 38,575 shares. Based on an average daily trading volume, of 5,352 shares, the days-to-cover ratio is presently 6.2 days.

Valley National Bancorp Price Performance

VLYPP traded down $0.10 during midday trading on Tuesday, hitting $24.64. 4,045 shares of the company’s stock traded hands, compared to its average volume of 5,020. The stock’s fifty day simple moving average is $25.15 and its 200-day simple moving average is $25.27. Valley National Bancorp has a one year low of $21.71 and a one year high of $26.11.

Valley National Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, March 13th were issued a dividend of $0.4873 per share. The ex-dividend date was Friday, March 13th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 7.9%.

Valley National Bancorp Company Profile

Valley National Bancorp (NASDAQ: VLYPP) is a bank holding company headquartered in Wayne, New Jersey, whose principal subsidiary, Valley Bank, delivers a full spectrum of financial services. Founded in 1927 as The Bank of Passaic County, the company has grown through strategic acquisitions and organic expansion to become a regional banking franchise. Valley National Bancorp provides commercial and consumer banking services, with offerings that include deposit accounts, business and agricultural lending, residential real estate financing, and treasury management solutions.

In addition to core lending and deposit-taking activities, Valley National Bancorp operates specialized businesses covering mortgage banking, wealth management, and insurance services.