Valley National Bancorp (NASDAQ:VLYPP – Get Free Report) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 8,076 shares, a decrease of 38.6% from the September 15th total of 13,154 shares. Based on an average trading volume of 3,842 shares, the short-interest ratio is currently 2.1 days.
Valley National Bancorp Stock Performance
VLYPP traded up $0.05 on Friday, reaching $24.94. 1,246 shares of the company traded hands, compared to its average volume of 4,668. The stock’s 50 day moving average price is $25.08 and its 200-day moving average price is $25.04. Valley National Bancorp has a 52-week low of $24.42 and a 52-week high of $25.62.
Valley National Bancorp Increases Dividend
The company also recently declared 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. The ex-dividend date was Tuesday, September 15th. This represents a $2.00 annualized dividend and a dividend yield of 8.0%. This is a positive change from Valley National Bancorp’s previous quarterly dividend of $0.4991.
About Valley National Bancorp
Valley National Bancorp is the holding company for Valley National Bank, a regional financial institution headquartered in Wayne, New Jersey. Through its banking subsidiary, the company provides a range of personal and business financial services, including checking and savings accounts, commercial and residential lending, mortgages, credit cards, treasury management, and cash-management services.
Valley serves individuals, small and midsize businesses, commercial real estate clients, and larger corporate customers.
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