Short Interest in Valley National Bancorp (NASDAQ:VLYPO) Decreases By 58.3%

Valley National Bancorp (NASDAQ:VLYPO) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 3,500 shares, a decline of 58.3% from the December 31st total of 8,400 shares. Based on an average trading volume of 7,400 shares, the short-interest ratio is currently 0.5 days.

Valley National Bancorp Stock Down 0.2 %

Valley National Bancorp stock traded down $0.05 during mid-day trading on Thursday, hitting $25.14. 5,372 shares of the company’s stock traded hands, compared to its average volume of 5,796. The firm has a 50 day moving average price of $25.14 and a 200 day moving average price of $24.99. Valley National Bancorp has a one year low of $20.04 and a one year high of $26.01.

Valley National Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were paid a $0.5336 dividend. This represents a $2.13 dividend on an annualized basis and a dividend yield of 8.49%. The ex-dividend date of this dividend was Friday, December 13th.

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.