Valley National Bancorp (NASDAQ:VLYPO) Sees Significant Drop in Short Interest

Valley National Bancorp (NASDAQ:VLYPO) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 5,817 shares, a decrease of 51.0% from the August 31st total of 11,865 shares. Based on an average trading volume of 5,043 shares, the short-interest ratio is presently 1.2 days.

Valley National Bancorp Stock Down 0.2%

VLYPO stock traded down $0.04 on Tuesday, hitting $24.73. 1,324 shares of the company’s stock were exchanged, compared to its average volume of 6,906. Valley National Bancorp has a 12-month low of $24.10 and a 12-month high of $25.64. The firm has a 50 day moving average price of $24.90 and a two-hundred day moving average price of $24.89.

Valley National Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.4838 per share. This represents a $1.94 annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Tuesday, September 15th. This is an increase from Valley National Bancorp’s previous quarterly dividend of $0.4817.

About Valley National Bancorp

Valley National Bancorp is a regional bank holding company whose principal subsidiary is Valley National Bank. The company provides banking and financial services to individuals, businesses, and institutions through a network of branches and digital banking channels.

Valley National Bank offers a range of products, including checking and savings accounts, certificates of deposit, residential and commercial real estate lending, commercial and industrial loans, consumer loans, credit cards, treasury management, and cash-management services.