Valley National Bancorp (NASDAQ:VLYPO – Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 5,817 shares, a decrease of 51.0% from the August 31st total of 11,865 shares. Based on an average trading volume of 5,043 shares, the days-to-cover ratio is presently 1.2 days.
Valley National Bancorp Stock Performance
Valley National Bancorp stock traded down $0.04 during midday trading on Tuesday, reaching $24.73. 1,324 shares of the stock traded hands, compared to its average volume of 6,906. Valley National Bancorp has a 12-month low of $24.10 and a 12-month high of $25.64. The company has a 50-day simple moving average of $24.90 and a two-hundred day simple moving average of $24.89.
Valley National Bancorp Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.4838 dividend. The ex-dividend date is Tuesday, September 15th. This is an increase from Valley National Bancorp’s previous quarterly dividend of $0.4817. This represents a $1.94 annualized dividend and a dividend yield of 7.8%.
About Valley National Bancorp
Valley National Bancorp is a regional bank holding company whose principal subsidiary is Valley National Bank. The company provides banking and financial services to individuals, businesses, and institutions through a network of branches and digital banking channels.
Valley National Bank offers a range of products, including checking and savings accounts, certificates of deposit, residential and commercial real estate lending, commercial and industrial loans, consumer loans, credit cards, treasury management, and cash-management services.
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