Valley National Bancorp (NASDAQ:VLYPO – Get Free Report) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 5,275 shares, a growth of 212.3% from the July 30th total of 1,689 shares. Based on an average trading volume of 8,834 shares, the days-to-cover ratio is currently 0.6 days.
Valley National Bancorp Trading Down 0.1%
Valley National Bancorp stock traded down $0.03 during mid-day trading on Thursday, hitting $24.98. The company had a trading volume of 1,339 shares, compared to its average volume of 7,276. Valley National Bancorp has a 12-month low of $24.10 and a 12-month high of $25.74. The company’s fifty day moving average is $24.84 and its 200-day moving average is $24.92.
Valley National Bancorp Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.4838 per share. This represents a $1.94 dividend on an annualized basis and a yield of 7.7%. This is a boost from Valley National Bancorp’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, September 15th.
Valley National Bancorp Company Profile
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.
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