Valley National Bancorp (NASDAQ:VLYPO – Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,600 shares, an increase of 220.0% from the February 28th total of 500 shares. Based on an average daily trading volume, of 6,500 shares, the short-interest ratio is currently 0.2 days.
Valley National Bancorp Price Performance
Shares of VLYPO opened at $24.88 on Thursday. The firm has a 50-day moving average of $25.18 and a 200-day moving average of $25.16. Valley National Bancorp has a one year low of $22.31 and a one year high of $26.01.
Valley National Bancorp Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.5162 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.06 annualized dividend and a yield of 8.30%.
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.
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