Short Interest in Valley National Bancorp (NASDAQ:VLYPO) Drops By 11.5%

Valley National Bancorp (NASDAQ:VLYPO) saw a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 2,300 shares, a decrease of 11.5% from the January 31st total of 2,600 shares. Based on an average daily volume of 6,900 shares, the short-interest ratio is presently 0.3 days.

Valley National Bancorp Price Performance

Shares of NASDAQ:VLYPO opened at $25.31 on Friday. Valley National Bancorp has a one year low of $21.61 and a one year high of $26.01. The company’s fifty day moving average price is $25.16 and its 200-day moving average price is $25.15.

Valley National Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.5162 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.06 dividend on an annualized basis and a yield of 8.16%.

Valley National Bancorp Company Profile

Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments.