Short Interest in Valley National Bancorp (NASDAQ:VLYPO) Increases By 212.3%

Valley National Bancorp (NASDAQ:VLYPO) was the recipient of a large growth in short interest in the month of 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 short-interest ratio is currently 0.6 days.

Valley National Bancorp Stock Performance

NASDAQ VLYPO traded down $0.03 during trading hours on Thursday, reaching $24.98. The company’s stock had a trading volume of 1,339 shares, compared to its average volume of 7,276. Valley National Bancorp has a 1-year low of $24.10 and a 1-year high of $25.74. The company’s 50-day moving average is $24.84 and its two-hundred day moving average is $24.92.

Valley National Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.4838 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 7.7%. This is a boost 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.