Short Interest in Valley National Bancorp (NASDAQ:VLYPO) Expands By 45.0%

Valley National Bancorp (NASDAQ:VLYPO) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 5,800 shares, an increase of 45.0% from the September 30th total of 4,000 shares. Based on an average daily volume of 9,900 shares, the days-to-cover ratio is currently 0.6 days.

Valley National Bancorp Stock Up 1.1 %

Shares of NASDAQ:VLYPO traded up $0.27 during midday trading on Tuesday, reaching $25.47. The company’s stock had a trading volume of 620 shares, compared to its average volume of 17,793. Valley National Bancorp has a fifty-two week low of $20.04 and a fifty-two week high of $26.01. The firm has a 50 day moving average price of $25.13 and a two-hundred day moving average price of $24.49.

Valley National Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.5989 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.40 annualized dividend and a dividend yield of 9.41%. This is a boost from Valley National Bancorp’s previous quarterly dividend of $0.58.

Valley National Bancorp Company Profile

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.