Valley National Bancorp (NASDAQ:VLYPO) Short Interest Down 61.9% in September

Valley National Bancorp (NASDAQ:VLYPO) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 1,600 shares, a drop of 61.9% from the September 15th total of 4,200 shares. Based on an average daily volume of 7,700 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 7,700 shares, the short-interest ratio is presently 0.2 days.

Valley National Bancorp Trading Up 0.6%

NASDAQ:VLYPO opened at $25.00 on Friday. Valley National Bancorp has a one year low of $22.73 and a one year high of $25.74. The stock has a 50-day simple moving average of $25.16 and a 200 day simple moving average of $24.87.

Valley National Bancorp (NASDAQ:VLYPO) last posted its quarterly earnings results on Thursday, January 26th. The company reported $0.29 EPS for the quarter. The firm had revenue of $353.54 million during the quarter.

Valley National Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $0.5197 dividend. This is an increase from Valley National Bancorp’s previous quarterly dividend of $0.51. This represents a $2.08 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend was Monday, September 15th.

About Valley National Bancorp

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.