Short Interest in Valley National Bancorp (NASDAQ:VLYPP) Rises By 92.6%

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 volume of 4,111 shares, the short-interest ratio is currently 7.5 days.

Valley National Bancorp Stock Performance

VLYPP stock opened at $25.20 on Tuesday. The company has a 50 day moving average of $24.98 and a two-hundred day moving average of $25.05. Valley National Bancorp has a 12-month low of $24.42 and a 12-month high of $26.11.

Valley National Bancorp Increases Dividend

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

About Valley National Bancorp

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.