Valley National Bancorp (NASDAQ:VLYPO – Get Free Report) was the target of a large increase in short interest during 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 currently 2.1 days.
Valley National Bancorp Price Performance
Shares of NASDAQ VLYPO traded up $0.04 on Monday, hitting $25.07. The company had a trading volume of 1,313 shares, compared to its average volume of 7,124. Valley National Bancorp has a 12-month low of $24.10 and a 12-month high of $25.64. The business has a 50 day moving average of $24.91 and a two-hundred day moving average of $24.91.
Valley National Bancorp Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 yield of 7.7%. The ex-dividend date of this dividend is Tuesday, September 15th. 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.
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