Valley National Bancorp (NASDAQ:VLYPO) Sees Large Drop in Short Interest

Valley National Bancorp (NASDAQ:VLYPO) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 150,100 shares, a decrease of 31.0% from the March 31st total of 217,400 shares. Based on an average daily volume of 28,300 shares, the short-interest ratio is currently 5.3 days.

Valley National Bancorp Price Performance

Shares of Valley National Bancorp stock opened at $24.07 on Friday. Valley National Bancorp has a fifty-two week low of $15.11 and a fifty-two week high of $24.62. The firm has a fifty day moving average price of $23.14 and a two-hundred day moving average price of $22.91.

Valley National Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 14th were issued a $0.5742 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 9.54%. The ex-dividend date of this dividend was Wednesday, March 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.