Valley National Bancorp (NASDAQ:VLYPP – Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 13,154 shares, a decrease of 37.4% from the August 31st total of 21,001 shares. Based on an average trading volume of 4,106 shares, the days-to-cover ratio is presently 3.2 days.
Valley National Bancorp Trading Down 0.1%
Shares of VLYPP stock opened at $24.95 on Friday. The company has a fifty day moving average price of $25.09 and a two-hundred day moving average price of $25.02. Valley National Bancorp has a one year low of $24.42 and a one year high of $25.75.
Valley National Bancorp Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a $0.5011 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend was Tuesday, September 15th. This is a positive change from Valley National Bancorp’s previous quarterly dividend of $0.4991.
Valley National Bancorp Company Profile
Valley National Bancorp is a regional bank holding company headquartered in New Jersey. Its principal subsidiary, Valley National Bank, provides banking and financial services to individuals, businesses, commercial real estate owners and public entities. The company offers deposit accounts, commercial and residential real estate lending, commercial and industrial loans, small-business financing, consumer loans, mortgage services and cash-management solutions.
Valley also provides wealth management, investment and trust services, along with specialized banking capabilities for industries and customer groups such as healthcare, government, nonprofit organizations and middle-market businesses.
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