Virginia National Bankshares Co. (NASDAQ:VABK) Short Interest Update

Virginia National Bankshares Co. (NASDAQ:VABK) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 18,200 shares, a decline of 32.6% from the October 31st total of 27,000 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 7,800 shares, the days-to-cover ratio is presently 2.3 days.

Hedge Funds Weigh In On Virginia National Bankshares

Institutional investors have recently added to or reduced their stakes in the business. Endeavour Capital Advisors Inc. increased its stake in Virginia National Bankshares by 22.0% in the second quarter. Endeavour Capital Advisors Inc. now owns 249,266 shares of the company’s stock valued at $8,176,000 after purchasing an additional 44,879 shares during the last quarter. Meridian Financial Partners LLC increased its stake in Virginia National Bankshares by 32.5% during the third quarter. Meridian Financial Partners LLC now owns 157,306 shares of the company’s stock worth $6,552,000 after acquiring an additional 38,588 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Virginia National Bankshares by 0.6% in the first quarter. Vanguard Group Inc. now owns 293,781 shares of the company’s stock valued at $8,843,000 after buying an additional 1,816 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Virginia National Bankshares by 5.0% in the second quarter. Bank of New York Mellon Corp now owns 13,483 shares of the company’s stock valued at $442,000 after buying an additional 637 shares in the last quarter. Finally, Raffles Associates LP grew its stake in shares of Virginia National Bankshares by 4.0% in the second quarter. Raffles Associates LP now owns 26,867 shares of the company’s stock valued at $881,000 after buying an additional 1,023 shares in the last quarter. 37.39% of the stock is currently owned by institutional investors and hedge funds.

Virginia National Bankshares Price Performance

VABK traded down $1.08 during trading on Friday, reaching $40.82. 8,603 shares of the stock were exchanged, compared to its average volume of 10,795. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89. Virginia National Bankshares has a 1 year low of $24.06 and a 1 year high of $44.00. The business’s 50 day moving average price is $41.13 and its two-hundred day moving average price is $36.96. The company has a market capitalization of $219.20 million, a price-to-earnings ratio of 14.12 and a beta of 0.46.

Virginia National Bankshares (NASDAQ:VABK) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.85 earnings per share (EPS) for the quarter. Virginia National Bankshares had a return on equity of 9.96% and a net margin of 18.95%. The business had revenue of $13.48 million for the quarter.

Virginia National Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.32 annualized dividend and a yield of 3.23%. Virginia National Bankshares’s payout ratio is currently 45.67%.

Virginia National Bankshares Company Profile

Virginia National Bankshares Corporation operates as the holding company for Virginia National Bank that provides a range of commercial and retail banking services. The company operates through Bank, Sturman Wealth Advisors, VNB Trust and Estate Services, and Masonry Capital segments. It provides checking accounts, demand deposits, NOW accounts, money market deposit accounts, time deposits, certificates of deposit, individual retirement accounts, and other depository services.