Valley National Bancorp (NASDAQ:VLYPO) Sees Significant Growth in Short Interest

Valley National Bancorp (NASDAQ:VLYPO) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 5,275 shares, a growth of 212.3% from the July 30th total of 1,689 shares. Based on an average trading volume of 8,834 shares, the days-to-cover ratio is currently 0.6 days.

Valley National Bancorp Trading Down 0.2%

Shares of VLYPO traded down $0.06 during trading hours on Friday, hitting $24.94. The company had a trading volume of 2,333 shares, compared to its average volume of 7,246. The company’s fifty day moving average price is $24.84 and its two-hundred day moving average price is $24.91. Valley National Bancorp has a one year low of $24.10 and a one year high of $25.74.

Valley National Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.4838 dividend. This represents a $1.94 annualized dividend and a yield of 7.8%. This is a positive change from Valley National Bancorp’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, September 15th.

About Valley National Bancorp

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.