Virginia National Bankshares (NASDAQ:VABK) Trading Down 2.6% – Time to Sell?

Shares of Virginia National Bankshares Corporation (NASDAQ:VABK) were down 2.6% during mid-day trading on Monday . The stock traded as low as $44.10 and last traded at $44.35. 10,112 shares changed hands during trading, an increase of 2% from the average session volume of 9,916 shares. The stock had previously closed at $45.52.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Virginia National Bankshares in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Virginia National Bankshares Trading Down 2.6%

The firm has a market cap of $240.38 million, a P/E ratio of 12.02 and a beta of 0.47. The business’s 50-day moving average is $43.07 and its two-hundred day moving average is $41.16. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11.

Virginia National Bankshares (NASDAQ:VABK) last issued its earnings results on Thursday, April 23rd. The company reported $0.97 earnings per share (EPS) for the quarter. Virginia National Bankshares had a net margin of 24.15% and a return on equity of 11.15%. The firm had revenue of $14.39 million for the quarter.

Virginia National Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Wednesday, May 13th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Wednesday, May 13th. Virginia National Bankshares’s dividend payout ratio is presently 39.02%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC grew its stake in Virginia National Bankshares by 4.7% during the 1st quarter. Empowered Funds LLC now owns 6,780 shares of the company’s stock worth $259,000 after buying an additional 304 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Virginia National Bankshares by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 51,463 shares of the company’s stock valued at $1,967,000 after buying an additional 1,402 shares during the last quarter. M3F Inc. acquired a new position in shares of Virginia National Bankshares during the first quarter valued at $220,000. North Star Investment Management Corp. acquired a new position in shares of Virginia National Bankshares during the first quarter valued at $840,000. Finally, Bridgeway Capital Management LLC grew its position in shares of Virginia National Bankshares by 65.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 14,684 shares of the company’s stock worth $585,000 after acquiring an additional 5,789 shares during the last quarter. Institutional investors and hedge funds own 37.39% of the company’s stock.

About Virginia National Bankshares

Virginia National Bankshares, Inc is a bank holding company headquartered in Virginia. Through its wholly owned subsidiary, Virginia National Bank, the company offers a full suite of commercial and consumer banking services across its regional footprint.

Its product lineup includes traditional deposit accounts such as checking, savings, money market and certificate of deposit offerings. On the lending side, Virginia National Bank provides commercial loans, business lines of credit, residential and commercial real estate mortgages, construction financing and consumer installment loans.