Valley National Bancorp (NASDAQ:VLYPO – Get Free Report) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 8,400 shares, an increase of 162.5% from the December 31st total of 3,200 shares. Based on an average trading volume of 7,100 shares, the short-interest ratio is presently 1.2 days.
Valley National Bancorp Trading Down 0.2 %
NASDAQ VLYPO opened at $25.14 on Friday. The firm’s 50 day moving average price is $25.14 and its two-hundred day moving average price is $24.99. Valley National Bancorp has a twelve month low of $20.04 and a twelve month high of $26.01.
Valley National Bancorp Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were issued a $0.5336 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.13 dividend on an annualized basis and a dividend yield of 8.49%.
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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