Valley National Bancorp (NASDAQ:VLYPO – Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 2,500 shares, a growth of 56.3% from the March 15th total of 1,600 shares. Based on an average trading volume of 8,200 shares, the days-to-cover ratio is presently 0.3 days.
Valley National Bancorp Trading Up 0.2 %
NASDAQ VLYPO opened at $23.88 on Friday. Valley National Bancorp has a 12 month low of $22.73 and a 12 month high of $26.01. The business’s 50-day moving average price is $24.72 and its two-hundred day moving average price is $25.01.
Valley National Bancorp Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.5162 dividend. The ex-dividend date was Friday, March 14th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.65%.
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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