Valley National Bancorp (NASDAQ:VLYPP) Short Interest Update

Valley National Bancorp (NASDAQ:VLYPP) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 30,655 shares, an increase of 92.6% from the July 30th total of 15,914 shares. Based on an average daily volume of 4,111 shares, the days-to-cover ratio is presently 7.5 days.

Valley National Bancorp Stock Performance

Shares of VLYPP opened at $25.20 on Friday. The company’s fifty day moving average is $24.97 and its 200 day moving average is $25.06. Valley National Bancorp has a fifty-two week low of $24.42 and a fifty-two week high of $26.11.

Valley National Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.5011 dividend. This is a boost from Valley National Bancorp’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, September 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.0%.

Valley National Bancorp Company Profile

Valley National Bancorp (NASDAQ: VLYPP) is a bank holding company headquartered in Wayne, New Jersey, whose principal subsidiary, Valley Bank, delivers a full spectrum of financial services. Founded in 1927 as The Bank of Passaic County, the company has grown through strategic acquisitions and organic expansion to become a regional banking franchise. Valley National Bancorp provides commercial and consumer banking services, with offerings that include deposit accounts, business and agricultural lending, residential real estate financing, and treasury management solutions.

In addition to core lending and deposit-taking activities, Valley National Bancorp operates specialized businesses covering mortgage banking, wealth management, and insurance services.