Valley National Bancorp (NASDAQ:VLYPO) Shares Shorted: Short Interest Down 62.2% in October

Valley National Bancorp (NASDAQ:VLYPO) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,710 shares, a decline of 62.2% from the September 30th total of 4,522 shares. Based on an average daily volume of 6,683 shares, the short-interest ratio is currently 0.3 days.

Valley National Bancorp Stock Performance

Valley National Bancorp stock opened at $24.24 on Friday. Valley National Bancorp has a 1 year low of $23.96 and a 1 year high of $25.64. The company’s 50-day moving average is $24.74 and its two-hundred day moving average is $24.89.

Valley National Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Tuesday, December 15th will be paid a $0.5001 dividend. This is an increase from Valley National Bancorp’s previous quarterly dividend of $0.4838. The ex-dividend date is Tuesday, December 15th. This represents a $2.00 dividend on an annualized basis and a yield of 8.3%.

Valley National Bancorp Company Profile

Valley National Bancorp is a bank holding company headquartered in Wayne, New Jersey, and the parent company of Valley National Bank. Founded in 1927, the company provides banking and financial services to individuals, businesses, nonprofit organizations and government entities.

Through its banking operations, Valley offers deposit accounts, residential and commercial mortgages, consumer and business lending, credit cards, treasury management, online and mobile banking, and other cash-management services.