Valley National Bancorp (NASDAQ:VLYPO) Short Interest Update

Valley National Bancorp (NASDAQ:VLYPO) saw a large drop in short interest in February. As of February 13th, there was short interest totaling 798 shares, a drop of 42.3% from the January 29th total of 1,384 shares. Based on an average daily volume of 9,694 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 9,694 shares, the short-interest ratio is presently 0.1 days.

Valley National Bancorp Trading Up 0.4%

VLYPO stock opened at $25.19 on Friday. The company has a 50 day simple moving average of $25.12 and a 200 day simple moving average of $25.14. Valley National Bancorp has a 1 year low of $22.73 and a 1 year high of $25.74.

Valley National Bancorp Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.4703 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Friday, March 13th.

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.