Valley National Bancorp (NASDAQ:VLYPO) Short Interest Update

Valley National Bancorp (NASDAQ:VLYPO) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 500 shares, a drop of 78.3% from the February 13th total of 2,300 shares. Based on an average daily volume of 6,400 shares, the days-to-cover ratio is currently 0.1 days.

Valley National Bancorp Stock Up 0.8 %

Shares of NASDAQ VLYPO opened at $25.50 on Friday. Valley National Bancorp has a 12 month low of $21.80 and a 12 month high of $26.01. The firm’s 50 day simple moving average is $25.20 and its 200-day simple moving average is $25.17.

Valley National Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.5162 per share. The ex-dividend date is Friday, March 14th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.10%.

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.