Short Interest in Valley National Bancorp (NASDAQ:VLYPP) Increases By 37.8%

Valley National Bancorp (NASDAQ:VLYPP) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 10,200 shares, a growth of 37.8% from the September 30th total of 7,400 shares. Based on an average daily trading volume, of 5,600 shares, the short-interest ratio is presently 1.8 days. Based on an average daily trading volume, of 5,600 shares, the short-interest ratio is presently 1.8 days.

Valley National Bancorp Trading Up 0.2%

Shares of VLYPP opened at $25.34 on Wednesday. Valley National Bancorp has a fifty-two week low of $21.71 and a fifty-two week high of $26.11. The firm has a 50-day simple moving average of $25.43 and a 200-day simple moving average of $25.13.

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

Valley National Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be given a $0.5127 dividend. The ex-dividend date is Monday, December 15th. This represents a $2.05 dividend on an annualized basis and a yield of 8.1%.

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.