Short Interest in Valley National Bancorp (NASDAQ:VLYPO) Increases By 201.3%

Valley National Bancorp (NASDAQ:VLYPO) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 4,748 shares, a growth of 201.3% from the April 15th total of 1,576 shares. Based on an average trading volume of 4,683 shares, the days-to-cover ratio is currently 1.0 days.

Valley National Bancorp Stock Up 0.1%

Shares of Valley National Bancorp stock traded up $0.02 during trading on Thursday, reaching $25.10. The company’s stock had a trading volume of 2,201 shares, compared to its average volume of 7,340. Valley National Bancorp has a 1-year low of $24.10 and a 1-year high of $25.74. The company has a 50-day simple moving average of $24.89 and a two-hundred day simple moving average of $25.05.

Valley National Bancorp Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, March 13th were given a $0.4703 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.5%.

About Valley National Bancorp

Valley National Bancorp is a bank holding company headquartered in Wayne, New Jersey, operating through its primary subsidiary, Valley National Bank. The company provides a full range of commercial and consumer banking services, including deposit accounts, lending products, and treasury management. Valley National Bancorp also offers mortgage origination, residential mortgage servicing, wealth management, insurance, and trust services to individuals, small businesses, and middle-market companies.

In its commercial banking segment, Valley National Bancorp serves clients with business checking and savings accounts, commercial and industrial loans, equipment leasing and financing, and treasury management solutions.