Valley National Bancorp (NASDAQ:VLYPP) Short Interest Down 38.7% in December
by Jessica Moore · The Cerbat GemValley National Bancorp (NASDAQ:VLYPP – Get Free Report) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 3,794 shares, a decrease of 38.7% from the November 30th total of 6,190 shares. Based on an average daily trading volume, of 4,810 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 4,810 shares, the days-to-cover ratio is presently 0.8 days.
Valley National Bancorp Stock Performance
VLYPP opened at $25.20 on Monday. Valley National Bancorp has a 12 month low of $21.71 and a 12 month high of $26.11. The business has a 50-day moving average of $25.34 and a two-hundred day moving average of $25.27.
Valley National Bancorp (NASDAQ:VLYPP – Get Free Report) last released its earnings results on Thursday, January 26th. The company reported $0.29 earnings per share (EPS) for the quarter. The company had revenue of $353.54 million during the quarter.
Valley National Bancorp Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th will be issued a dividend of $0.5127 per share. This represents a $2.05 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Monday, December 15th.
Valley National Bancorp Company Profile
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.