Short Interest in Valley National Bancorp (NASDAQ:VLYPO) Declines By 42.9%

Valley National Bancorp (NASDAQ:VLYPO) saw a large drop in short interest in September. As of September 30th, there was short interest totalling 4,000 shares, a drop of 42.9% from the September 15th total of 7,000 shares. Based on an average trading volume of 10,600 shares, the days-to-cover ratio is presently 0.4 days.

Valley National Bancorp Price Performance

Shares of VLYPO stock traded up $0.07 during trading hours on Friday, hitting $25.16. 5,112 shares of the company’s stock traded hands, compared to its average volume of 18,508. The stock’s fifty day simple moving average is $24.96 and its two-hundred day simple moving average is $24.33. Valley National Bancorp has a 12-month low of $20.04 and a 12-month high of $26.01.

Valley National Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.5989 dividend. This represents a $2.40 annualized dividend and a yield of 9.52%. This is an increase from Valley National Bancorp’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Friday, September 13th.

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.