Valley National Bancorp (NASDAQ:VLYPO) Short Interest Down 70.4% in June

Valley National Bancorp (NASDAQ:VLYPO) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 2,467 shares, a decrease of 70.4% from the May 31st total of 8,345 shares. Based on an average daily volume of 3,630 shares, the days-to-cover ratio is presently 0.7 days.

Valley National Bancorp Trading Up 1.9%

Shares of NASDAQ:VLYPO opened at $25.19 on Monday. The company has a 50-day moving average price of $24.96 and a two-hundred day moving average price of $25.01. Valley National Bancorp has a twelve month low of $24.10 and a twelve month high of $25.74.

Valley National Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.4817 dividend. This is a boost from Valley National Bancorp’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.93 annualized dividend and a yield of 7.6%.

About Valley National Bancorp

Valley National Bancorp is a bank holding company headquartered in Wayne, New Jersey, operating through its primary subsidiary, Valley National Bank. The company provides a full range of commercial and consumer banking services, including deposit accounts, lending products, and treasury management. Valley National Bancorp also offers mortgage origination, residential mortgage servicing, wealth management, insurance, and trust services to individuals, small businesses, and middle-market companies.

In its commercial banking segment, Valley National Bancorp serves clients with business checking and savings accounts, commercial and industrial loans, equipment leasing and financing, and treasury management solutions.