Short Interest in Valley National Bancorp (NASDAQ:VLYPO) Declines By 61.9%

Valley National Bancorp (NASDAQ:VLYPO) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 1,600 shares, a decrease of 61.9% from the September 15th total of 4,200 shares. Based on an average daily trading volume, of 7,700 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 7,700 shares, the short-interest ratio is currently 0.2 days.

Valley National Bancorp Price Performance

Shares of Valley National Bancorp stock opened at $25.00 on Monday. The stock has a 50 day moving average of $25.16 and a 200 day moving average of $24.88. Valley National Bancorp has a 12 month low of $22.73 and a 12 month high of $25.74.

Valley National Bancorp (NASDAQ:VLYPO) last announced its quarterly earnings results on Thursday, January 26th. The company reported $0.29 EPS for the quarter. The firm had revenue of $353.54 million for the quarter.

Valley National Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $0.5197 per share. The ex-dividend date of this dividend was Monday, September 15th. This is a boost from Valley National Bancorp’s previous quarterly dividend of $0.51. This represents a $2.08 dividend on an annualized basis and a yield of 8.3%.

Valley National Bancorp Company Profile

Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments.