Valley National Bancorp (NASDAQ:VLYPO – Get Free Report) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 8,400 shares, an increase of 162.5% from the December 15th total of 3,200 shares. Based on an average trading volume of 7,100 shares, the short-interest ratio is currently 1.2 days.
Valley National Bancorp Trading Down 2.2 %
Shares of Valley National Bancorp stock opened at $24.60 on Wednesday. Valley National Bancorp has a twelve month low of $20.04 and a twelve month high of $26.01. The firm’s 50-day simple moving average is $25.14 and its 200-day simple moving average is $24.86.
Valley National Bancorp Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were given a $0.5336 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.13 dividend on an annualized basis and a yield of 8.68%.
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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