Valley National Bancorp shares hit 52-week high at $25.24 by Investing.com

Valley National Bancorp Preferred stock of (NASDAQ:) (VLYPP) hit a new 52-week high, trading at $25.24. With a market capitalization of $5.1 billion and an attractive dividend yield of 6.25%, the preferred stock has shown strong momentum, posting a gain of 20.69% over the past six months. This milestone reflects a significant trend in the value of the bank’s shares, marking a notable point of investor confidence in the company’s performance and future prospects. Over the past year, Valley National Bancorp has seen an impressive 27.95% increase in its share value, indicating strong momentum and a positive response from the market to the bank’s strategic initiatives and financial results. This 52-week high serves as a testament to the company’s resilience and growth potential in a competitive financial landscape. Notably, the company has maintained dividend payments for 51 consecutive years, however InvestingPro The analysis reveals additional insights into the company’s financial health and future prospects.

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