Valley National Bancorp (NASDAQ:VLYPO) Stock Price Down 0.1% – Here’s Why

by · The Cerbat Gem

Valley National Bancorp (NASDAQ:VLYPO – Get Free Report) shares were down 0.1% during trading on Tuesday . The stock traded as low as $25.18 and last traded at $25.19. Approximately 4,601 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 7,441 shares. The stock had previously closed at $25.22.

Valley National Bancorp Stock Up 0.8%

The company has a fifty day moving average price of $25.09 and a 200 day moving average price of $25.05.

Valley National Bancorp (NASDAQ:VLYPO – Get Free Report) last posted its quarterly 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 for the quarter.

Valley National Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be issued a dividend of $0.4955 per share. This represents a $1.98 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Monday, December 15th.

About Valley National Bancorp

(Get Free Report)

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.

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