Virginia National Bankshares (NASDAQ:VABK) Stock Price Down 1.9% – Should You Sell?

Virginia National Bankshares Corporation (NASDAQ:VABK) traded down 1.9% during trading on Thursday . The company traded as low as $40.54 and last traded at $40.81. 4,439 shares were traded during trading, a decline of 56% from the average session volume of 10,006 shares. The stock had previously closed at $41.59.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Virginia National Bankshares in a research note on Friday, November 28th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Virginia National Bankshares currently has a consensus rating of “Hold”.

Virginia National Bankshares Stock Down 1.9%

The firm has a 50-day simple moving average of $39.42 and a 200-day simple moving average of $38.67. The stock has a market cap of $219.97 million, a PE ratio of 12.37 and a beta of 0.41.

Virginia National Bankshares (NASDAQ:VABK) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.84 earnings per share for the quarter. Virginia National Bankshares had a return on equity of 10.58% and a net margin of 21.37%.The company had revenue of $13.16 million during the quarter.

Virginia National Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, November 14th. Virginia National Bankshares’s payout ratio is presently 43.64%.

Hedge Funds Weigh In On Virginia National Bankshares

A number of large investors have recently modified their holdings of VABK. Citadel Advisors LLC grew its stake in Virginia National Bankshares by 53.7% during the third quarter. Citadel Advisors LLC now owns 16,428 shares of the company’s stock valued at $638,000 after acquiring an additional 5,741 shares in the last quarter. Fiduciary Trust Co purchased a new stake in Virginia National Bankshares in the 3rd quarter worth approximately $393,000. Two Sigma Investments LP bought a new position in Virginia National Bankshares in the 3rd quarter valued at $303,000. BNP Paribas Financial Markets boosted its holdings in Virginia National Bankshares by 104.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 944 shares of the company’s stock valued at $37,000 after purchasing an additional 482 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Virginia National Bankshares by 5.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 46,480 shares of the company’s stock valued at $1,803,000 after purchasing an additional 2,196 shares in the last quarter. 37.39% of the stock is currently owned by institutional investors.

About Virginia National Bankshares

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.