Valley National Bancorp (NASDAQ:VLYPO – Get Free Report) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 2,300 shares, a drop of 11.5% from the January 31st total of 2,600 shares. Based on an average daily trading volume, of 6,900 shares, the days-to-cover ratio is currently 0.3 days.
Valley National Bancorp Stock Performance
NASDAQ:VLYPO opened at $25.28 on Thursday. The firm has a 50-day moving average price of $25.15 and a two-hundred day moving average price of $25.15. Valley National Bancorp has a twelve month low of $21.61 and a twelve month high of $26.01.
Valley National Bancorp Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.5162 per share. The ex-dividend date is Friday, March 14th. This represents a $2.06 annualized dividend and a dividend yield of 8.17%.
About Valley National Bancorp
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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