Valley National Bancorp (NASDAQ:VLYPP) Short Interest Update

Valley National Bancorp (NASDAQ:VLYPP) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 30,655 shares, a growth of 92.6% from the July 30th total of 15,914 shares. Based on an average daily trading volume, of 4,111 shares, the days-to-cover ratio is presently 7.5 days.

Valley National Bancorp Stock Up 0.1%

VLYPP opened at $25.20 on Friday. The company has a fifty day moving average of $24.97 and a 200 day moving average of $25.06. Valley National Bancorp has a fifty-two week low of $24.42 and a fifty-two week high of $26.11.

Valley National Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.5011 dividend. This represents a $2.00 annualized dividend and a dividend yield of 8.0%. This is a positive change from Valley National Bancorp’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, September 15th.

Valley National Bancorp Company Profile

Valley National Bancorp (NASDAQ: VLYPP) is a bank holding company headquartered in Wayne, New Jersey, whose principal subsidiary, Valley Bank, delivers a full spectrum of financial services. Founded in 1927 as The Bank of Passaic County, the company has grown through strategic acquisitions and organic expansion to become a regional banking franchise. Valley National Bancorp provides commercial and consumer banking services, with offerings that include deposit accounts, business and agricultural lending, residential real estate financing, and treasury management solutions.

In addition to core lending and deposit-taking activities, Valley National Bancorp operates specialized businesses covering mortgage banking, wealth management, and insurance services.