Valley National Bancorp (NASDAQ:VLYPP) Shares Shorted: Short Interest Down 37.4% in September

Valley National Bancorp (NASDAQ:VLYPP) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 13,154 shares, a drop of 37.4% from the August 31st total of 21,001 shares. Based on an average daily trading volume, of 4,106 shares, the short-interest ratio is currently 3.2 days.

Valley National Bancorp Price Performance

Shares of NASDAQ:VLYPP opened at $24.97 on Thursday. Valley National Bancorp has a 12-month low of $24.42 and a 12-month high of $25.75. The business has a 50 day moving average of $25.09 and a two-hundred day moving average of $25.02.

Valley National Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.5011 per share. This is a positive change from Valley National Bancorp’s previous quarterly dividend of $0.4991. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.00 annualized dividend and a dividend yield of 8.0%.

About Valley National Bancorp

Valley National Bancorp is a regional bank holding company headquartered in New Jersey. Its principal subsidiary, Valley National Bank, provides banking and financial services to individuals, businesses, commercial real estate owners and public entities. The company offers deposit accounts, commercial and residential real estate lending, commercial and industrial loans, small-business financing, consumer loans, mortgage services and cash-management solutions.

Valley also provides wealth management, investment and trust services, along with specialized banking capabilities for industries and customer groups such as healthcare, government, nonprofit organizations and middle-market businesses.