Valley National Bancorp (NASDAQ:VLYPP) Stock Short Interest Declines 38.6%

Valley National Bancorp (NASDAQ:VLYPP) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 8,076 shares, a decrease of 38.6% from the September 15th total of 13,154 shares. Based on an average daily volume of 3,842 shares, the days-to-cover ratio is currently 2.1 days.

Valley National Bancorp Price Performance

Shares of NASDAQ VLYPP traded up $0.05 during trading hours on Friday, hitting $24.94. 1,246 shares of the stock were exchanged, compared to its average volume of 4,668. Valley National Bancorp has a one year low of $24.42 and a one year high of $25.62. The company’s 50 day moving average is $25.08 and its 200 day moving average is $25.04.

Valley National Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a $0.5011 dividend. This is a positive change from Valley National Bancorp’s previous quarterly dividend of $0.4991. This represents a $2.00 annualized dividend and a dividend yield of 8.0%. The ex-dividend date of this dividend was Tuesday, September 15th.

Valley National Bancorp Company Profile

Valley National Bancorp is the holding company for Valley National Bank, a regional financial institution headquartered in Wayne, New Jersey. Through its banking subsidiary, the company provides a range of personal and business financial services, including checking and savings accounts, commercial and residential lending, mortgages, credit cards, treasury management, and cash-management services.

Valley serves individuals, small and midsize businesses, commercial real estate clients, and larger corporate customers.