Valley National Bancorp (NASDAQ:VLYPO) Short Interest Down 41.2% in July

Valley National Bancorp (NASDAQ:VLYPO) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1,689 shares, a decrease of 41.2% from the July 15th total of 2,874 shares. Based on an average daily trading volume, of 7,277 shares, the short-interest ratio is currently 0.2 days.

Valley National Bancorp Price Performance

VLYPO stock opened at $24.81 on Monday. Valley National Bancorp has a 52-week low of $24.10 and a 52-week high of $25.74. The business has a fifty day moving average of $24.84 and a two-hundred day moving average of $24.93.

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 issued a $0.4838 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.94 annualized dividend and a dividend yield of 7.8%. This is an increase from Valley National Bancorp’s previous quarterly dividend of $0.48.

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.