Valley National Bancorp (NASDAQ:VLYPO) Short Interest Update

Valley National Bancorp (NASDAQ:VLYPO) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 1,576 shares, a decline of 46.8% from the March 31st total of 2,960 shares. Based on an average daily volume of 6,384 shares, the short-interest ratio is currently 0.2 days.

Valley National Bancorp Price Performance

NASDAQ:VLYPO opened at $25.00 on Monday. Valley National Bancorp has a 12 month low of $24.10 and a 12 month high of $25.74. The company has a 50 day simple moving average of $24.90 and a two-hundred day simple moving average of $25.05.

Valley National Bancorp Cuts Dividend

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

About Valley National Bancorp

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.