Valley National Bancorp (NASDAQ:VLYPO – Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 11,865 shares, a growth of 124.9% from the August 15th total of 5,275 shares. Based on an average daily trading volume, of 5,714 shares, the days-to-cover ratio is presently 2.1 days.
Valley National Bancorp Trading Down 1.9%
Shares of NASDAQ:VLYPO traded down $0.47 during midday trading on Tuesday, hitting $24.68. The company had a trading volume of 7,257 shares, compared to its average volume of 7,113. The company has a fifty day moving average of $24.92 and a two-hundred day moving average of $24.91. Valley National Bancorp has a 12-month low of $24.10 and a 12-month high of $25.64.
Valley National Bancorp Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.4838 per share. The ex-dividend date is Tuesday, September 15th. This is a positive change from Valley National Bancorp’s previous quarterly dividend of $0.48. This represents a $1.94 dividend on an annualized basis and a dividend yield of 7.8%.
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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