Valley National Bancorp (NASDAQ:VLYPO) Short Interest Up 212.3% in August

Valley National Bancorp (NASDAQ:VLYPO) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 5,275 shares, an increase of 212.3% from the July 30th total of 1,689 shares. Based on an average daily volume of 8,834 shares, the short-interest ratio is currently 0.6 days.

Valley National Bancorp Stock Performance

Shares of NASDAQ VLYPO opened at $25.02 on Friday. The firm’s 50 day moving average price is $24.85 and its 200 day moving average price is $24.91. Valley National Bancorp has a 1 year low of $24.10 and a 1 year high of $25.74.

Valley National Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.4838 per share. This is a positive change from Valley National Bancorp’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.94 dividend on an annualized basis and a yield of 7.7%.

Valley National Bancorp Company Profile

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.