Short Interest in Valley National Bancorp (NASDAQ:VLYPP) Decreases By 13.7%

Valley National Bancorp (NASDAQ:VLYPP) saw a large decline in short interest in March. As of March 13th, there was short interest totaling 33,277 shares, a decline of 13.7% from the February 26th total of 38,575 shares. Based on an average trading volume of 5,352 shares, the days-to-cover ratio is currently 6.2 days.

Valley National Bancorp Price Performance

Shares of VLYPP traded down $0.10 during trading hours on Tuesday, reaching $24.64. The company’s stock had a trading volume of 4,045 shares, compared to its average volume of 5,020. The company has a 50 day moving average of $25.15 and a two-hundred day moving average of $25.27. Valley National Bancorp has a 1-year low of $21.71 and a 1-year high of $26.11.

Valley National Bancorp Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 13th were given a $0.4873 dividend. The ex-dividend date was Friday, March 13th. This represents a $1.95 dividend on an annualized basis and a yield of 7.9%.

About Valley National Bancorp

Valley National Bancorp (NASDAQ: VLYPP) is a bank holding company headquartered in Wayne, New Jersey, whose principal subsidiary, Valley Bank, delivers a full spectrum of financial services. Founded in 1927 as The Bank of Passaic County, the company has grown through strategic acquisitions and organic expansion to become a regional banking franchise. Valley National Bancorp provides commercial and consumer banking services, with offerings that include deposit accounts, business and agricultural lending, residential real estate financing, and treasury management solutions.

In addition to core lending and deposit-taking activities, Valley National Bancorp operates specialized businesses covering mortgage banking, wealth management, and insurance services.