Virginia National Bankshares (NASDAQ:VABK) Trading 4.5% Higher – Here’s Why

Virginia National Bankshares Corporation (NASDAQ:VABK) were up 4.5% during trading on Friday . The company traded as high as $42.25 and last traded at $42.25. Approximately 2,504 shares changed hands during trading, a decline of 54% from the average daily volume of 5,409 shares. The stock had previously closed at $40.42.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated 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, the stock has a consensus rating of “Hold”.

Virginia National Bankshares Stock Up 4.5%

The company has a market capitalization of $229.00 million, a P/E ratio of 11.45 and a beta of 0.47. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a 50 day moving average price of $41.47 and a 200 day moving average price of $40.64.

Virginia National Bankshares (NASDAQ:VABK) last released its earnings results on Thursday, April 23rd. The company reported $0.97 EPS for the quarter. The company had revenue of $14.40 million for the quarter. Virginia National Bankshares had a return on equity of 11.15% and a net margin of 24.15%.

Virginia National Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Wednesday, May 13th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Wednesday, May 13th. Virginia National Bankshares’s payout ratio is presently 39.02%.

Institutional Investors Weigh In On Virginia National Bankshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake 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 acquiring an additional 482 shares during the period. Tower Research Capital LLC TRC raised its stake in Virginia National Bankshares by 465.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,573 shares of the company’s stock valued at $58,000 after acquiring an additional 1,295 shares during the period. JPMorgan Chase & Co. raised its stake in Virginia National Bankshares by 19.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,816 shares of the company’s stock valued at $187,000 after acquiring an additional 787 shares during the period. Wealthcare Advisory Partners LLC bought a new stake in Virginia National Bankshares in the 4th quarter valued at about $204,000. Finally, M3F Inc. bought a new stake in Virginia National Bankshares in the 1st quarter valued at about $220,000. 37.39% of the stock is currently owned by institutional investors.

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.