Valley National Bancorp (NASDAQ:VLYPP) Shares Up 0.8% – Should You Buy?

Valley National Bancorp (NASDAQ:VLYPP)’s stock price was up 0.8% on Wednesday . The stock traded as high as $24.78 and last traded at $24.77. 5,421 shares changed hands during trading, an increase of 14% from the average daily volume of 4,740 shares. The stock had previously closed at $24.57.

Valley National Bancorp Trading Up 0.8%

The business has a 50-day simple moving average of $25.04 and a two-hundred day simple moving average of $25.12.

Valley National Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.4991 dividend. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from Valley National Bancorp’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a dividend yield of 8.1%.

Valley National Bancorp Company Profile

Valley National Bancorp (NASDAQ: VLYPP) is a bank holding company headquartered in Wayne, New Jersey, whose principal subsidiary, Valley Bank, delivers a full spectrum of financial services. Founded in 1927 as The Bank of Passaic County, the company has grown through strategic acquisitions and organic expansion to become a regional banking franchise. Valley National Bancorp provides commercial and consumer banking services, with offerings that include deposit accounts, business and agricultural lending, residential real estate financing, and treasury management solutions.

In addition to core lending and deposit-taking activities, Valley National Bancorp operates specialized businesses covering mortgage banking, wealth management, and insurance services.