Valley National Bancorp (NASDAQ:VLYPP) Trading Up 1.1%

Valley National Bancorp (NASDAQ:VLYPP) was up 1.1% during mid-day trading on Tuesday . The stock traded as high as $21.75 and last traded at $21.58. Approximately 10,481 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 27,087 shares. The stock had previously closed at $21.35.

Valley National Bancorp Price Performance

The firm has a fifty day moving average of $22.30 and a 200-day moving average of $21.34.

Valley National Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Thursday, June 13th were paid a dividend of $0.3906 per share. This represents a $1.56 annualized dividend and a yield of 7.24%. The ex-dividend date of this dividend was Thursday, June 13th.

Institutional Trading of Valley National Bancorp

An institutional investor recently raised its position in Valley National Bancorp stock. Highlander Capital Management LLC raised its holdings in shares of Valley National Bancorp (NASDAQ:VLYPP) by 7.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,449 shares of the company’s stock after acquiring an additional 1,200 shares during the period. Highlander Capital Management LLC’s holdings in Valley National Bancorp were worth $343,000 as of its most recent SEC filing.

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.