Valley National Bancorp (NASDAQ:VLYPO) Sees Large Decrease in Short Interest

Valley National Bancorp (NASDAQ:VLYPO) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,204 shares, a decrease of 57.8% from the February 26th total of 2,854 shares. Based on an average daily trading volume, of 6,760 shares, the short-interest ratio is presently 0.2 days.

Valley National Bancorp Stock Down 0.2%

VLYPO stock opened at $24.72 on Friday. The business has a 50 day moving average of $25.04 and a 200 day moving average of $25.12. Valley National Bancorp has a twelve month low of $22.73 and a twelve month high of $25.74.

Valley National Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be issued a dividend of $0.4703 per share. The ex-dividend date is Friday, March 13th. This represents a $1.88 annualized dividend and a dividend yield of 7.6%.

Valley National Bancorp Company Profile

Valley National Bancorp is a bank holding company headquartered in Wayne, New Jersey, operating through its primary subsidiary, Valley National Bank. The company provides a full range of commercial and consumer banking services, including deposit accounts, lending products, and treasury management. Valley National Bancorp also offers mortgage origination, residential mortgage servicing, wealth management, insurance, and trust services to individuals, small businesses, and middle-market companies.

In its commercial banking segment, Valley National Bancorp serves clients with business checking and savings accounts, commercial and industrial loans, equipment leasing and financing, and treasury management solutions.