Short Interest in Valley National Bancorp (NASDAQ:VLYPO) Rises By 122.9%

Valley National Bancorp (NASDAQ:VLYPO) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 10,700 shares, an increase of 122.9% from the July 15th total of 4,800 shares. Based on an average trading volume of 14,200 shares, the short-interest ratio is currently 0.8 days.

Valley National Bancorp Stock Performance

Valley National Bancorp stock remained flat at $24.40 during midday trading on Tuesday. The company had a trading volume of 9,613 shares, compared to its average volume of 21,012. The firm has a 50 day moving average price of $23.95 and a 200-day moving average price of $23.64. Valley National Bancorp has a fifty-two week low of $20.04 and a fifty-two week high of $25.05.

Valley National Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were issued a dividend of $0.5777 per share. This is a boost from Valley National Bancorp’s previous quarterly dividend of $0.57. This represents a $2.31 annualized dividend and a yield of 9.47%. The ex-dividend date of this dividend was Thursday, June 13th.

About Valley National Bancorp

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.