Valley National Bancorp (NASDAQ:VLYPO) Stock Short Interest Report for October

Valley National Bancorp (NASDAQ:VLYPO) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 1,710 shares, a decline of 62.2% from the September 30th total of 4,522 shares. Based on an average trading volume of 6,683 shares, the days-to-cover ratio is currently 0.3 days.

Valley National Bancorp Stock Down 0.1%

Shares of VLYPO stock opened at $24.22 on Friday. The stock has a fifty day moving average price of $24.72 and a 200 day moving average price of $24.89. Valley National Bancorp has a 1 year low of $23.96 and a 1 year high of $25.64.

Valley National Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th will be given a $0.5001 dividend. This is an increase from Valley National Bancorp’s previous quarterly dividend of $0.4838. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date is Tuesday, December 15th.

About Valley National Bancorp

Valley National Bancorp is a bank holding company headquartered in Wayne, New Jersey, and the parent company of Valley National Bank. Founded in 1927, the company provides banking and financial services to individuals, businesses, nonprofit organizations and government entities.

Through its banking operations, Valley offers deposit accounts, residential and commercial mortgages, consumer and business lending, credit cards, treasury management, online and mobile banking, and other cash-management services.