Short Interest in Valley National Bancorp (NASDAQ:VLYPP) Declines By 91.5%

Valley National Bancorp (NASDAQ:VLYPP) was the target of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 16,500 shares, a drop of 91.5% from the January 31st total of 195,200 shares. Based on an average trading volume of 20,900 shares, the short-interest ratio is currently 0.8 days.

Valley National Bancorp Price Performance

Valley National Bancorp stock traded down $0.19 during trading on Thursday, reaching $25.16. The company had a trading volume of 1,071 shares, compared to its average volume of 19,860. The firm’s 50-day simple moving average is $25.13 and its 200 day simple moving average is $24.74. Valley National Bancorp has a 52 week low of $19.30 and a 52 week high of $25.68.

Valley National Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.3906 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.56 dividend on an annualized basis and a yield of 6.21%.

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.