Valley National Bancorp (NASDAQ:VLYPO) Sees Large Increase in Short Interest

Valley National Bancorp (NASDAQ:VLYPO) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 2,854 shares, a growth of 257.6% from the February 12th total of 798 shares. Based on an average daily trading volume, of 10,192 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 10,192 shares, the days-to-cover ratio is presently 0.3 days.

Valley National Bancorp Stock Up 0.3%

Shares of Valley National Bancorp stock opened at $25.21 on Wednesday. The company has a 50-day moving average of $25.13 and a two-hundred day moving average of $25.15. Valley National Bancorp has a 12-month low of $22.73 and a 12-month high of $25.74.

Valley National Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be issued a $0.4703 dividend. The ex-dividend date is Friday, March 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.5%.

Valley National Bancorp Company Profile

Valley National Bancorp is a bank holding company headquartered in Wayne, New Jersey, operating through its primary subsidiary, Valley National Bank. The company provides a full range of commercial and consumer banking services, including deposit accounts, lending products, and treasury management. Valley National Bancorp also offers mortgage origination, residential mortgage servicing, wealth management, insurance, and trust services to individuals, small businesses, and middle-market companies.

In its commercial banking segment, Valley National Bancorp serves clients with business checking and savings accounts, commercial and industrial loans, equipment leasing and financing, and treasury management solutions.