Valley National Bancorp (NASDAQ:VLYPO) Short Interest Up 257.6% in February

Valley National Bancorp (NASDAQ:VLYPO) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 2,854 shares, a growth of 257.6% from the February 12th total of 798 shares. Based on an average daily trading volume, of 10,192 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 10,192 shares, the short-interest ratio is presently 0.3 days.

Valley National Bancorp Trading Up 0.2%

VLYPO stock opened at $25.19 on Thursday. The stock has a fifty day moving average of $25.13 and a 200-day moving average of $25.15. Valley National Bancorp has a fifty-two week low of $22.73 and a fifty-two week high of $25.74.

Valley National Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be given a dividend of $0.4703 per share. This represents a $1.88 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Friday, March 13th.

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.