Valley National Bancorp (NASDAQ:VLYPO – Get Free Report) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 3,500 shares, a decline of 58.3% from the December 31st total of 8,400 shares. Based on an average daily trading volume, of 7,400 shares, the short-interest ratio is currently 0.5 days.
Valley National Bancorp Stock Down 0.2 %
Shares of NASDAQ:VLYPO opened at $25.14 on Friday. The firm has a 50-day simple moving average of $25.14 and a 200 day simple moving average of $24.99. Valley National Bancorp has a fifty-two week low of $20.04 and a fifty-two week high of $26.01.
Valley National Bancorp Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were given a dividend of $0.5336 per share. This represents a $2.13 dividend on an annualized basis and a dividend yield of 8.49%. The ex-dividend date was Friday, December 13th.
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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