Valley National Bancorp (NASDAQ:VLYPO) Short Interest Update

Valley National Bancorp (NASDAQ:VLYPO) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 7,000 shares, a drop of 26.3% from the August 31st total of 9,500 shares. Based on an average daily volume of 13,700 shares, the short-interest ratio is presently 0.5 days.

Valley National Bancorp Stock Performance

Shares of VLYPO traded down $0.29 during mid-day trading on Friday, hitting $24.90. The stock had a trading volume of 18,994 shares, compared to its average volume of 19,307. Valley National Bancorp has a 52 week low of $20.04 and a 52 week high of $26.01. The business has a fifty day moving average price of $24.78 and a 200-day moving average price of $24.13.

Valley National Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.5989 per share. This represents a $2.40 dividend on an annualized basis and a yield of 9.62%. The ex-dividend date of this dividend is Friday, September 13th. This is a positive change from Valley National Bancorp’s previous quarterly dividend of $0.58.

About Valley National Bancorp

Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments.