Short Interest in Valley National Bancorp (NASDAQ:VLYPO) Expands By 45.0%

Valley National Bancorp (NASDAQ:VLYPO) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 5,800 shares, a growth of 45.0% from the September 30th total of 4,000 shares. Based on an average trading volume of 9,900 shares, the short-interest ratio is presently 0.6 days.

Valley National Bancorp Stock Down 0.2 %

NASDAQ VLYPO traded down $0.04 during trading hours on Monday, reaching $25.20. 1,400 shares of the company’s stock were exchanged, compared to its average volume of 17,876. The firm has a fifty day moving average of $25.12 and a 200-day moving average of $24.48. Valley National Bancorp has a one year low of $20.04 and a one year high of $26.01.

Valley National Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $0.5989 dividend. This represents a $2.40 annualized dividend and a yield of 9.51%. The ex-dividend date of this dividend was Friday, September 13th. This is a boost from Valley National Bancorp’s previous quarterly dividend of $0.58.

Valley National Bancorp Company Profile

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.