Valley National Bancorp (NASDAQ:VLYPP) Stock Short Interest Report for September

Valley National Bancorp (NASDAQ:VLYPP) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 8,076 shares, a decline of 38.6% from the September 15th total of 13,154 shares. Based on an average daily trading volume, of 3,842 shares, the days-to-cover ratio is presently 2.1 days.

Valley National Bancorp Stock Performance

Shares of NASDAQ VLYPP traded up $0.04 during trading hours on Friday, reaching $24.93. The stock had a trading volume of 4,086 shares, compared to its average volume of 4,683. The business’s fifty day moving average is $25.08 and its two-hundred day moving average is $25.04. Valley National Bancorp has a twelve month low of $24.42 and a twelve month high of $25.62.

Valley National Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given 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 was Tuesday, September 15th. This represents a $2.00 annualized dividend and a yield of 8.0%.

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.