Valley National Bancorp (NASDAQ:VLYPP) Trading Up 1.1%

Valley National Bancorp (NASDAQ:VLYPP) shares traded up 1.1% on Tuesday . The company traded as high as $21.75 and last traded at $21.58. 10,481 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 27,087 shares. The stock had previously closed at $21.35.

Valley National Bancorp Price Performance

The business has a 50-day moving average price of $22.30 and a 200-day moving average price of $21.35.

Valley National Bancorp Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Thursday, June 13th were paid a $0.3906 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.19%. The ex-dividend date of this dividend was Thursday, June 13th.

Hedge Funds Weigh In On Valley National Bancorp

An institutional investor recently raised its position in Valley National Bancorp stock. Highlander Capital Management LLC boosted its stake in Valley National Bancorp (NASDAQ:VLYPP) by 7.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,449 shares of the company’s stock after buying an additional 1,200 shares during the period. Highlander Capital Management LLC’s holdings in Valley National Bancorp were worth $343,000 at the end of the most recent quarter.

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.