Valley National Bancorp (NASDAQ:VLYPO) Short Interest Update

Valley National Bancorp (NASDAQ:VLYPO) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 2,467 shares, a decrease of 70.4% from the May 31st total of 8,345 shares. Based on an average daily volume of 3,630 shares, the short-interest ratio is currently 0.7 days.

Valley National Bancorp Stock Performance

Shares of Valley National Bancorp stock opened at $24.69 on Tuesday. Valley National Bancorp has a twelve month low of $24.10 and a twelve month high of $25.74. The business has a 50-day moving average price of $24.96 and a 200-day moving average price of $25.00.

Valley National Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.4817 per share. The ex-dividend date is Monday, June 15th. This represents a $1.93 annualized dividend and a yield of 7.8%. This is a boost from Valley National Bancorp’s previous quarterly dividend of $0.47.

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.