Valley National Bancorp (NASDAQ:VLYPP) Shares Down 0.5%

Valley National Bancorp (NASDAQ:VLYPP)’s stock price traded down 0.5% on Wednesday . The company traded as low as $21.95 and last traded at $22.00. 55,036 shares traded hands during trading, an increase of 102% from the average session volume of 27,269 shares. The stock had previously closed at $22.10.

Valley National Bancorp Stock Performance

The stock’s 50-day moving average is $22.19 and its two-hundred day moving average is $21.56.

Valley National Bancorp Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Thursday, June 13th were given a dividend of $0.3906 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.56 annualized dividend and a yield of 7.10%.

Hedge Funds Weigh In On Valley National Bancorp

An institutional investor recently raised its position in Valley National Bancorp stock. Highlander Capital Management LLC grew its position in Valley National Bancorp (NASDAQ:VLYPP) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,449 shares of the company’s stock after acquiring an additional 1,200 shares during the quarter. Highlander Capital Management LLC’s holdings in Valley National Bancorp were worth $343,000 at the end of the most recent reporting period.

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.