Short-term stake in Valley National Bancorp (NASDAQ:VLYPO) rises 44.1%


Valley National Bancorp (NASDAQ:VLYPO – Get Rating) was the target of strong short-term interest growth during June. As of June 30, there were short interests totaling 8,500 shares, a growth of 44.1% from the total of 5,900 shares as of June 15. Based on an average daily volume of 11,900 shares, the day-to-cover ratio is currently 0.7 days.

Valley National Bancorp Price Performance

Shares of Valley National Bancorp opened at $23.30 on Monday. The firm’s fifty-day simple moving average is $22.87. Valley National Bancorp has a 1-year low of $21.74 and a 1-year high of $26.67.

Valley National Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30. Shareholders of record on Wednesday, June 15 received a dividend of $0.3438 per share. This represents an annualized dividend of $1.38 and a yield of 5.90%. The ex-dividend date was Tuesday, June 14.

About Valley National Bancorp

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Valley National Bancorp operates as a holding company for Valley National Bank which provides various commercial, retail, insurance and wealth management financial services products. It operates through commercial lending, consumer lending and investment management segments. The company offers interest-free deposit, savings, NOW, money market and term accounts; commercial and industrial, commercial real estate, residential mortgages and automobile loans; loans secured by the cash value of life insurance; home equity loans and lines of credit; and other secured and unsecured consumer loans.

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