Short Interest in Valley National Bancorp (NASDAQ:VLYPO) Expands By 201.3%

Valley National Bancorp (NASDAQ:VLYPO) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 4,748 shares, a growth of 201.3% from the April 15th total of 1,576 shares. Based on an average daily volume of 4,683 shares, the short-interest ratio is currently 1.0 days.

Valley National Bancorp Stock Performance

Valley National Bancorp stock traded up $0.06 during trading hours on Friday, reaching $25.08. 3,648 shares of the company’s stock were exchanged, compared to its average volume of 7,369. Valley National Bancorp has a twelve month low of $24.10 and a twelve month high of $25.74. The firm’s 50 day simple moving average is $24.89 and its 200 day simple moving average is $25.05.

Valley National Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 13th were given a dividend of $0.4703 per share. This represents a $1.88 annualized dividend and a yield of 7.5%. The ex-dividend date was Friday, March 13th.

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.