Valley National Bancorp (NASDAQ:VLYPO) Short Interest Up 220.0% in March

Valley National Bancorp (NASDAQ:VLYPO) was the recipient of a large 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 short-interest ratio is currently 0.2 days.

Valley National Bancorp Price Performance

Shares of Valley National Bancorp stock opened at $24.95 on Friday. Valley National Bancorp has a 12 month low of $22.31 and a 12 month high of $26.01. The business has a fifty day simple moving average of $25.18 and a two-hundred day simple moving average of $25.16.

Valley National Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.5162 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.28%. The ex-dividend date is Friday, March 14th.

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.