Valley National Bancorp (NASDAQ:VLYPO) Short Interest Update

Valley National Bancorp (NASDAQ:VLYPO) saw a significant drop in short interest in the month of 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 currently 0.1 days. Based on an average daily volume of 9,694 shares, the short-interest ratio is currently 0.1 days.

Valley National Bancorp Stock Up 0.4%

VLYPO stock opened at $25.19 on Friday. Valley National Bancorp has a 52 week low of $22.73 and a 52 week high of $25.74. The business has a 50-day simple moving average of $25.12 and a 200 day simple moving average of $25.14.

Valley National Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be given a $0.4703 dividend. The ex-dividend date is Friday, March 13th. This represents a $1.88 annualized dividend and a dividend yield of 7.5%.

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.