Valley National Bancorp (NASDAQ:VLYPO – Get Free Report) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 3,200 shares, a drop of 43.9% from the November 30th total of 5,700 shares. Based on an average daily volume of 7,000 shares, the days-to-cover ratio is currently 0.5 days.
Valley National Bancorp Stock Down 0.1 %
NASDAQ:VLYPO opened at $24.97 on Friday. The business’s 50-day moving average price is $25.19 and its 200 day moving average price is $24.73. Valley National Bancorp has a 52-week low of $20.04 and a 52-week high of $26.01.
Valley National Bancorp Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a $0.5336 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.13 annualized dividend and a dividend yield of 8.55%.
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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