Valley National Bancorp (NASDAQ:VLYPO) Short Interest Update

Valley National Bancorp (NASDAQ:VLYPO) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 2,600 shares, a growth of 62.5% from the September 30th total of 1,600 shares. Based on an average daily volume of 7,600 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 7,600 shares, the days-to-cover ratio is presently 0.3 days.

Valley National Bancorp Price Performance

VLYPO stock opened at $25.25 on Monday. Valley National Bancorp has a 12 month low of $22.73 and a 12 month high of $25.74. The firm has a 50 day moving average of $25.17 and a two-hundred day moving average of $24.99.

Valley National Bancorp (NASDAQ:VLYPO) last released its quarterly earnings results on Thursday, January 26th. The company reported $0.29 earnings per share (EPS) for the quarter. The company had revenue of $353.54 million for the quarter.

Valley National Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th will be paid a dividend of $0.4955 per share. This represents a $1.98 annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Monday, December 15th.

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.