Valley National Bancorp (NASDAQ:VLYPP) Stock Price Down 0.3% – Time to Sell?

Valley National Bancorp (NASDAQ:VLYPP) shares dropped 0.3% during mid-day trading on Thursday . The stock traded as low as $25.25 and last traded at $25.2350. Approximately 1,202 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 4,340 shares. The stock had previously closed at $25.30.

Valley National Bancorp Stock Performance

The business has a 50 day moving average price of $25.06 and a two-hundred day moving average price of $25.23.

Valley National Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, March 13th were paid a dividend of $0.4873 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend was Friday, March 13th.

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.