Valley National Bancorp (NASDAQ:VLYPO) Stock Short Interest Report for October

Valley National Bancorp (NASDAQ:VLYPO) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 5,706 shares, a growth of 233.7% from the October 15th total of 1,710 shares. Based on an average daily volume of 7,405 shares, the days-to-cover ratio is presently 0.8 days.

Valley National Bancorp Stock Performance

Valley National Bancorp stock opened at $24.11 on Thursday. Valley National Bancorp has a 52-week low of $23.96 and a 52-week high of $25.64. The firm has a 50 day moving average price of $24.59 and a two-hundred day moving average price of $24.85.

Valley National Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.5001 per share. This represents a $2.00 annualized dividend and a dividend yield of 8.3%. This is a boost from Valley National Bancorp’s previous quarterly dividend of $0.4838. The ex-dividend date is Tuesday, December 15th.

Valley National Bancorp Company Profile

Valley National Bancorp is a bank holding company whose principal subsidiary, Valley National Bank, provides commercial and consumer banking services. Its offerings include deposit accounts, loans, cash-management services, mortgage banking, and wealth management. Founded in 1927, the company has grown from its roots in New Jersey into a regional banking organization serving customers in New Jersey, New York, Florida, and other U.S. markets. Valley National Bancorp is headquartered in Morristown, New Jersey.