Valley National Bancorp (NASDAQ:VLYPO) Stock Price Down 0.1% – Time to Sell?

Valley National Bancorp (NASDAQ:VLYPO) traded down 0.1% during trading on Tuesday . The stock traded as low as $25.05 and last traded at $25.0610. 6,362 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 7,014 shares. The stock had previously closed at $25.09.

Valley National Bancorp Stock Performance

The stock has a 50 day moving average of $24.94 and a 200-day moving average of $25.05.

Valley National Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.4817 per share. This is an increase from Valley National Bancorp’s previous quarterly dividend of $0.47. This represents a $1.93 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Monday, June 15th.

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.