Valley National Bancorp (NASDAQ:VLYPO) Stock Price Up 0.7% – Time to Buy?

Valley National Bancorp (NASDAQ:VLYPO)’s share price shot up 0.7% on Wednesday . The company traded as high as $25.15 and last traded at $25.15. 2,531 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 7,115 shares. The stock had previously closed at $24.97.

Valley National Bancorp Trading Up 0.7%

The stock has a fifty day moving average of $25.14 and a two-hundred day moving average of $25.07.

Valley National Bancorp (NASDAQ:VLYPO) last released its earnings results on Thursday, January 26th. The company reported $0.29 EPS for the quarter. The business had revenue of $353.54 million during the quarter.

Valley National Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be issued a dividend of $0.4955 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.98 dividend on an annualized basis and a yield of 7.9%.

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.