Valley National Bancorp (NASDAQ:VLYPO) Sees Significant Decrease in Short Interest

Valley National Bancorp (NASDAQ:VLYPO) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 6,398 shares, a decrease of 19.2% from the November 30th total of 7,922 shares. Based on an average daily volume of 2,260 shares, the days-to-cover ratio is currently 2.8 days. Based on an average daily volume of 2,260 shares, the days-to-cover ratio is currently 2.8 days.

Valley National Bancorp Stock Down 0.0%

NASDAQ VLYPO opened at $25.30 on Wednesday. Valley National Bancorp has a twelve month low of $22.73 and a twelve month high of $25.74. The business has a 50-day moving average price of $25.15 and a 200-day moving average price of $25.08.

Valley National Bancorp (NASDAQ:VLYPO) last issued its earnings results on Thursday, January 26th. The company reported $0.29 earnings per share for the quarter. The company had revenue of $353.54 million for the quarter.

Valley National Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were given a $0.4955 dividend. The ex-dividend date was Monday, December 15th. This represents a $1.98 annualized dividend and a yield of 7.8%.

Valley National Bancorp Company Profile

Valley National Bancorp is a bank holding company headquartered in Wayne, New Jersey, operating through its primary subsidiary, Valley National Bank. The company provides a full range of commercial and consumer banking services, including deposit accounts, lending products, and treasury management. Valley National Bancorp also offers mortgage origination, residential mortgage servicing, wealth management, insurance, and trust services to individuals, small businesses, and middle-market companies.

In its commercial banking segment, Valley National Bancorp serves clients with business checking and savings accounts, commercial and industrial loans, equipment leasing and financing, and treasury management solutions.