Valley National Bancorp (NASDAQ:VLYPP) Stock Price Up 0.8% – Time to Buy?

Valley National Bancorp (NASDAQ:VLYPP)’s stock price was up 0.8% on Wednesday . The stock traded as high as $25.26 and last traded at $25.26. Approximately 2,505 shares changed hands during trading, a decline of 71% from the average daily volume of 8,627 shares. The stock had previously closed at $25.06.

Valley National Bancorp Trading Up 0.8%

The business’s 50-day moving average is $25.33 and its two-hundred day moving average is $25.25.

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

Valley National Bancorp Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be issued a dividend of $0.5127 per share. This represents a $2.05 annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Monday, December 15th.

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.