Valley National Bancorp (NASDAQ:VLYPO) Short Interest Up 45.0% in October

Valley National Bancorp (NASDAQ:VLYPO) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 5,800 shares, a growth of 45.0% from the September 30th total of 4,000 shares. Based on an average daily trading volume, of 9,900 shares, the days-to-cover ratio is currently 0.6 days.

Valley National Bancorp Stock Performance

Shares of NASDAQ:VLYPO traded down $0.04 during mid-day trading on Monday, reaching $25.20. The stock had a trading volume of 1,400 shares, compared to its average volume of 17,876. The firm has a 50 day simple moving average of $25.12 and a two-hundred day simple moving average of $24.48. Valley National Bancorp has a twelve month low of $20.04 and a twelve month high of $26.01.

Valley National Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.5989 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.51%. This is a boost from Valley National Bancorp’s previous quarterly dividend of $0.58. The ex-dividend date was Friday, September 13th.

Valley National Bancorp Company Profile

Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments.