Virginia National Bankshares (NASDAQ:VABK) Announces Quarterly Earnings Results

Virginia National Bankshares (NASDAQ:VABK – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $1.20 EPS for the quarter, Zacks reports. Virginia National Bankshares had a net margin of 28.18% and a return on equity of 13.36%.

Virginia National Bankshares Price Performance

Shares of Virginia National Bankshares stock traded up $2.50 during trading hours on Thursday, reaching $51.19. The stock had a trading volume of 13,705 shares, compared to its average volume of 10,110. The stock’s 50 day moving average is $48.17 and its 200 day moving average is $43.78. The firm has a market capitalization of $277.96 million, a PE ratio of 10.68 and a beta of 0.44. Virginia National Bankshares has a twelve month low of $37.35 and a twelve month high of $52.69. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.10.

Analysts Set New Price Targets

VABK has been the topic of a number of research reports. Wall Street Zen upgraded shares of Virginia National Bankshares from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Virginia National Bankshares in a report on Thursday, October 22nd. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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About Virginia National Bankshares

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Virginia National Bankshares Corp. is a bank holding company headquartered in Charlottesville, Virginia. It operates through its principal subsidiary, Virginia National Bank, a community bank serving individuals, families, businesses and organizations in Virginia.

Virginia National Bank provides a range of financial services, including checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, business loans and treasury management services.

See Also

Earnings History for Virginia National Bankshares (NASDAQ:VABK)

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