Valley National Bancorp (NASDAQ:VLYPO – Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,600 shares, a growth of 220.0% from the February 28th total of 500 shares. Based on an average trading volume of 6,500 shares, the days-to-cover ratio is presently 0.2 days.
Valley National Bancorp Stock Performance
Shares of VLYPO opened at $24.88 on Friday. The company’s 50 day simple moving average is $25.17 and its 200-day simple moving average is $25.15. Valley National Bancorp has a 12-month low of $22.80 and a 12-month 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 is Friday, March 14th. This represents a $2.06 dividend on an annualized basis and a yield of 8.30%.
About Valley National Bancorp
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.
See Also
- Five stocks we like better than Valley National Bancorp
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Why Dollar Tree’s Family Dollar Sale Could Spark a Comeback
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- JPMorgan: The ‘NVIDIA of Banking’ Poised for More Gains?
- Insider Trading – What You Need to Know
- Buy the Chewy Stock Reversal? Here’s Why Now Is the Time
Receive News & Ratings for Valley National Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valley National Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
