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

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

Valley National Bancorp Stock Performance

Valley National Bancorp stock opened at $24.90 on Friday. The business has a 50-day moving average of $25.14 and a 200-day moving average of $24.75. Valley National Bancorp has a 1 year low of $19.30 and a 1 year high of $25.68.

Valley National Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.3906 per share. This represents a $1.56 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date of this dividend is Friday, March 14th.

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.