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

Valley National Bancorp (NASDAQ:VLYPO) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 2,467 shares, a decrease of 70.4% from the May 31st total of 8,345 shares. Based on an average daily volume of 3,630 shares, the short-interest ratio is presently 0.7 days.

Valley National Bancorp Price Performance

Valley National Bancorp stock opened at $24.70 on Friday. Valley National Bancorp has a 1-year low of $24.10 and a 1-year high of $25.74. The company’s 50-day moving average is $24.96 and its 200 day moving average is $25.01.

Valley National Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.4817 per share. This is a positive change from Valley National Bancorp’s previous quarterly dividend of $0.47. This represents a $1.93 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Monday, June 15th.

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.