Short Interest in Valley National Bancorp (NASDAQ:VLYPP) Grows By 37.8%

Valley National Bancorp (NASDAQ:VLYPP) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 10,200 shares, an increase of 37.8% from the September 30th total of 7,400 shares. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is currently 1.8 days. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is currently 1.8 days.

Valley National Bancorp Stock Up 0.0%

Shares of VLYPP stock opened at $25.37 on Monday. The stock has a fifty day moving average price of $25.44 and a 200 day moving average price of $25.11. Valley National Bancorp has a 1 year low of $21.71 and a 1 year high of $26.11.

Valley National Bancorp (NASDAQ:VLYPP) last issued its quarterly earnings data on Thursday, January 26th. The company reported $0.29 earnings per share for the quarter. The business had revenue of $353.54 million for the quarter.

Valley National Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th will be issued a $0.5127 dividend. This represents a $2.05 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Monday, December 15th.

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.