Valley National Bancorp (NASDAQ:VLYPP – Get Free Report) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 283,800 shares, a decrease of 34.6% from the November 30th total of 434,200 shares. Based on an average daily volume of 13,900 shares, the days-to-cover ratio is presently 20.4 days.
Valley National Bancorp Trading Up 0.4 %
NASDAQ VLYPP opened at $25.09 on Monday. Valley National Bancorp has a 12 month low of $18.63 and a 12 month high of $25.20. The company’s 50 day simple moving average is $24.88 and its 200 day simple moving average is $23.85.
Valley National Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be paid a dividend of $0.3906 per share. This represents a $1.56 annualized dividend and a yield of 6.23%. The ex-dividend date of this dividend is Friday, December 13th.
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.
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