Valley National Bancorp (NASDAQ:VLYPP) Short Interest Update

Valley National Bancorp (NASDAQ:VLYPP) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 283,800 shares, a drop of 34.6% from the November 30th total of 434,200 shares. Based on an average daily trading volume, of 13,900 shares, the short-interest ratio is presently 20.4 days.

Valley National Bancorp Price Performance

Shares of Valley National Bancorp stock remained flat at $25.00 during trading hours on Friday. The stock had a trading volume of 26,766 shares, compared to its average volume of 21,997. Valley National Bancorp has a twelve month low of $18.63 and a twelve month high of $25.20. The company’s fifty day simple moving average is $24.88 and its two-hundred day simple moving average is $23.84.

Valley National Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders 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 6.25%. The ex-dividend date is Friday, December 13th.

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.