Valley National Bancorp (NASDAQ:VLYPO – Get Free Report) was the recipient of a large increase in short interest in October. As of October 30th, there was short interest totaling 5,706 shares, an increase of 233.7% from the October 15th total of 1,710 shares. Based on an average trading volume of 7,405 shares, the short-interest ratio is currently 0.8 days.
Valley National Bancorp Price Performance
Shares of NASDAQ:VLYPO opened at $24.11 on Thursday. Valley National Bancorp has a 1 year low of $23.96 and a 1 year high of $25.64. The business’s 50-day moving average is $24.59 and its 200-day moving average is $24.85.
Valley National Bancorp Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 15th will be paid a $0.5001 dividend. This represents a $2.00 annualized dividend and a yield of 8.3%. This is a boost from Valley National Bancorp’s previous quarterly dividend of $0.4838. The ex-dividend date of this dividend is Tuesday, December 15th.
Valley National Bancorp Company Profile
Valley National Bancorp is a bank holding company whose principal subsidiary, Valley National Bank, provides commercial and consumer banking services. Its offerings include deposit accounts, loans, cash-management services, mortgage banking, and wealth management. Founded in 1927, the company has grown from its roots in New Jersey into a regional banking organization serving customers in New Jersey, New York, Florida, and other U.S. markets. Valley National Bancorp is headquartered in Morristown, New Jersey.
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