Valley National Bancorp (NASDAQ:VLYPO) Stock Short Interest Climbs 233.7%

Valley National Bancorp (NASDAQ:VLYPO) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 5,706 shares, an increase of 233.7% from the October 15th total of 1,710 shares. Based on an average trading volume of 7,405 shares, the short-interest ratio is presently 0.8 days.

Valley National Bancorp Trading Down 0.5%

NASDAQ:VLYPO opened at $24.14 on Friday. The stock has a 50-day moving average price of $24.58 and a 200 day moving average price of $24.84. Valley National Bancorp has a 12-month low of $23.96 and a 12-month high of $25.64.

Valley National Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 15th will be issued a dividend of $0.5001 per share. This is an increase from Valley National Bancorp’s previous quarterly dividend of $0.4838. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $2.00 dividend on an annualized basis and a yield of 8.3%.

About Valley National Bancorp

Valley National Bancorp is a bank holding company whose principal subsidiary, Valley National Bank, provides commercial and consumer banking services. Its offerings include deposit accounts, loans, cash-management services, mortgage banking, and wealth management. Founded in 1927, the company has grown from its roots in New Jersey into a regional banking organization serving customers in New Jersey, New York, Florida, and other U.S. markets. Valley National Bancorp is headquartered in Morristown, New Jersey.