Virginia National Bankshares (NASDAQ:VABK) Stock Price Down 1.3% – Here’s Why

Virginia National Bankshares Corporation (NASDAQ:VABK)’s share price dropped 1.3% on Tuesday . The stock traded as low as $45.26 and last traded at $45.26. 10,888 shares changed hands during mid-day trading, an increase of 18% from the average daily volume of 9,255 shares. The stock had previously closed at $45.87.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Virginia National Bankshares in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Virginia National Bankshares presently has a consensus rating of “Hold”.

Virginia National Bankshares Trading Down 1.3%

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 business has a fifty day simple moving average of $43.91 and a 200 day simple moving average of $41.56. The stock has a market capitalization of $245.44 million, a price-to-earnings ratio of 12.27 and a beta of 0.45.

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

Hedge Funds Weigh In On Virginia National Bankshares

A number of hedge funds have recently bought and sold shares of VABK. Empowered Funds LLC increased its holdings in shares of Virginia National Bankshares by 4.7% during the first quarter. Empowered Funds LLC now owns 6,780 shares of the company’s stock worth $259,000 after purchasing an additional 304 shares during the period. Cerity Partners LLC boosted its stake in shares of Virginia National Bankshares by 0.8% in the fourth quarter. Cerity Partners LLC now owns 49,275 shares of the company’s stock valued at $1,964,000 after buying an additional 404 shares during the period. State Street Corp boosted its stake in shares of Virginia National Bankshares by 0.5% in the fourth quarter. State Street Corp now owns 80,375 shares of the company’s stock valued at $3,203,000 after buying an additional 435 shares during the period. BNP Paribas Financial Markets grew its position in Virginia National Bankshares by 104.3% during the third quarter. BNP Paribas Financial Markets now owns 944 shares of the company’s stock worth $37,000 after buying an additional 482 shares in the last quarter. Finally, Barclays PLC grew its position in Virginia National Bankshares by 10.6% during the fourth quarter. Barclays PLC now owns 7,415 shares of the company’s stock worth $295,000 after buying an additional 710 shares in the last quarter. 37.39% of the stock is owned by institutional investors.

Virginia National Bankshares Company Profile

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.