Valley National Bancorp (NASDAQ:VLYPO – Get Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,689 shares, a decrease of 41.2% from the July 15th total of 2,874 shares. Based on an average daily trading volume, of 7,277 shares, the days-to-cover ratio is presently 0.2 days.
Valley National Bancorp Stock Performance
Shares of NASDAQ VLYPO traded up $0.12 during mid-day trading on Wednesday, hitting $24.89. 2,258 shares of the stock were exchanged, compared to its average volume of 7,317. Valley National Bancorp has a twelve month low of $24.10 and a twelve month high of $25.74. The stock’s fifty day simple moving average is $24.83 and its two-hundred day simple moving average is $24.92.
Valley National Bancorp Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.4838 per share. This is a boost from Valley National Bancorp’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, September 15th. This represents a $1.94 dividend on an annualized basis and a yield of 7.8%.
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.
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