Valley National Bancorp (NASDAQ:VLYPO – Get Free Report) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 1,600 shares, a growth of 220.0% from the February 28th total of 500 shares. Based on an average trading volume of 6,500 shares, the days-to-cover ratio is currently 0.2 days.
Valley National Bancorp Trading Down 0.3 %
NASDAQ VLYPO opened at $24.88 on Friday. Valley National Bancorp has a 52 week low of $22.80 and a 52 week high of $26.01. The firm has a 50 day moving average of $25.17 and a two-hundred day moving average of $25.15.
Valley National Bancorp Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.5162 per share. This represents a $2.06 dividend on an annualized basis and a yield of 8.30%. The ex-dividend date of this dividend is Friday, March 14th.
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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