Valley National Bancorp (NASDAQ:VLYPP) Short Interest Up 44.4% in February

Valley National Bancorp (NASDAQ:VLYPP) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 38,575 shares, a growth of 44.4% from the February 12th total of 26,710 shares. Based on an average daily trading volume, of 7,310 shares, the days-to-cover ratio is currently 5.3 days. Based on an average daily trading volume, of 7,310 shares, the days-to-cover ratio is currently 5.3 days.

Valley National Bancorp Trading Down 1.7%

Shares of VLYPP opened at $24.68 on Friday. Valley National Bancorp has a one year low of $21.71 and a one year high of $26.11. The company has a 50-day moving average of $25.28 and a two-hundred day moving average of $25.35.

Valley National Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be issued a dividend of $0.4873 per share. This represents a $1.95 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Friday, March 13th.

About Valley National Bancorp

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.