Valley National Bancorp (NASDAQ:VLYPO) Short Interest Down 41.2% in July

Valley National Bancorp (NASDAQ:VLYPO) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,689 shares, a decline of 41.2% from the July 15th total of 2,874 shares. Based on an average daily trading volume, of 7,277 shares, the days-to-cover ratio is currently 0.2 days.

Valley National Bancorp Stock Performance

Shares of VLYPO opened at $24.81 on Monday. Valley National Bancorp has a 52 week low of $24.10 and a 52 week high of $25.74. The stock’s 50-day moving average price is $24.84 and its 200-day moving average price is $24.93.

Valley National Bancorp Increases Dividend

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

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.