Valley National Bancorp (NASDAQ:VLYPO) Short Interest Up 124.9% in August

Valley National Bancorp (NASDAQ:VLYPO) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 11,865 shares, an increase of 124.9% from the August 15th total of 5,275 shares. Based on an average daily trading volume, of 5,714 shares, the short-interest ratio is presently 2.1 days.

Valley National Bancorp Stock Down 1.9%

VLYPO stock opened at $24.66 on Wednesday. The stock’s 50 day simple moving average is $24.91 and its 200 day simple moving average is $24.91. Valley National Bancorp has a fifty-two week low of $24.10 and a fifty-two week high of $25.64.

Valley National Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.4838 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 7.8%. This is an increase 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.