Valley National Bancorp (NASDAQ:VLYPP) Stock Short Interest Report for September

Valley National Bancorp (NASDAQ:VLYPP) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 8,076 shares, a decline of 38.6% from the September 15th total of 13,154 shares. Based on an average trading volume of 3,842 shares, the days-to-cover ratio is currently 2.1 days.

Valley National Bancorp Trading Up 0.2%

Shares of NASDAQ:VLYPP opened at $24.93 on Friday. The firm has a fifty day moving average price of $25.08 and a 200 day moving average price of $25.04. Valley National Bancorp has a 1-year low of $24.42 and a 1-year high of $25.62.

Valley National Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a $0.5011 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This is a positive change from Valley National Bancorp’s previous quarterly dividend of $0.4991. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.0%.

Valley National Bancorp Company Profile

Valley National Bancorp is the holding company for Valley National Bank, a regional financial institution headquartered in Wayne, New Jersey. Through its banking subsidiary, the company provides a range of personal and business financial services, including checking and savings accounts, commercial and residential lending, mortgages, credit cards, treasury management, and cash-management services.

Valley serves individuals, small and midsize businesses, commercial real estate clients, and larger corporate customers.