Valley National Bancorp (NASDAQ:VLYPO) sees sharp drop in short-term interest


Valley National Bancorp (NASDAQ:VLYPO – Get Rating) saw a sharp drop in short-term interest during the month of May. As of May 15, there was short interest totaling 9,500 shares, down 22.1% from April 30’s total of 12,200 shares. Based on an average trading volume of 10,200 shares, the short-term interest rate ratio is currently 0.9 days.

VLYPO opened at $22.97 on Monday. Valley National Bancorp has a 12-month low of $22.34 and a 12-month high of $26.67.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30. Investors of record on Wednesday, June 15 will receive a dividend of $0.3438 per share. This represents an annualized dividend of $1.38 and a yield of 5.99%. The ex-dividend date is Tuesday, June 14.

Company Profile Valley National Bancorp (Get a rating)

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, savings, NOW, money market and term deposit 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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