Valley National Bancorp (NASDAQ:VLYPO) Sees Significant Decrease in Short Interest

Valley National Bancorp (NASDAQ:VLYPO) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 6,398 shares, a decline of 19.2% from the November 30th total of 7,922 shares. Based on an average daily trading volume, of 2,260 shares, the short-interest ratio is presently 2.8 days. Based on an average daily trading volume, of 2,260 shares, the short-interest ratio is presently 2.8 days.

Valley National Bancorp Price Performance

Shares of VLYPO stock opened at $25.43 on Friday. The stock’s 50 day simple moving average is $25.16 and its 200 day simple moving average is $25.08. Valley National Bancorp has a twelve month low of $22.73 and a twelve month high of $25.74.

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

Valley National Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were paid a $0.4955 dividend. The ex-dividend date was Monday, December 15th. This represents a $1.98 dividend on an annualized basis and a yield of 7.8%.

Valley National Bancorp Company Profile

Valley National Bancorp is a bank holding company headquartered in Wayne, New Jersey, operating through its primary subsidiary, Valley National Bank. The company provides a full range of commercial and consumer banking services, including deposit accounts, lending products, and treasury management. Valley National Bancorp also offers mortgage origination, residential mortgage servicing, wealth management, insurance, and trust services to individuals, small businesses, and middle-market companies.

In its commercial banking segment, Valley National Bancorp serves clients with business checking and savings accounts, commercial and industrial loans, equipment leasing and financing, and treasury management solutions.