Virginia National Bankshares Co. (NASDAQ:VABK) Short Interest Update

Virginia National Bankshares Co. (NASDAQ:VABK) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 11,800 shares, a decline of 28.9% from the December 15th total of 16,600 shares. Based on an average daily volume of 7,600 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.3% of the company’s stock are short sold.

Hedge Funds Weigh In On Virginia National Bankshares

Hedge funds have recently made changes to their positions in the business. Barclays PLC raised its stake in Virginia National Bankshares by 277.1% during the 3rd quarter. Barclays PLC now owns 6,136 shares of the company’s stock valued at $256,000 after purchasing an additional 4,509 shares during the period. JPMorgan Chase & Co. raised its position in shares of Virginia National Bankshares by 135.8% during the third quarter. JPMorgan Chase & Co. now owns 7,060 shares of the company’s stock valued at $294,000 after buying an additional 4,066 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Virginia National Bankshares by 5.0% in the second quarter. Bank of New York Mellon Corp now owns 13,483 shares of the company’s stock worth $442,000 after buying an additional 637 shares in the last quarter. Renaissance Technologies LLC grew its stake in Virginia National Bankshares by 88.5% during the second quarter. Renaissance Technologies LLC now owns 19,600 shares of the company’s stock valued at $643,000 after acquiring an additional 9,200 shares in the last quarter. Finally, Raffles Associates LP increased its holdings in Virginia National Bankshares by 4.0% in the 2nd quarter. Raffles Associates LP now owns 26,867 shares of the company’s stock valued at $881,000 after acquiring an additional 1,023 shares during the last quarter. Institutional investors own 37.39% of the company’s stock.

Virginia National Bankshares Stock Performance

Virginia National Bankshares stock traded up $0.71 during midday trading on Wednesday, reaching $36.68. 647 shares of the company traded hands, compared to its average volume of 6,126. The firm has a market capitalization of $197.01 million, a price-to-earnings ratio of 12.69 and a beta of 0.47. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89. Virginia National Bankshares has a 12 month low of $24.06 and a 12 month high of $44.00. The business has a 50 day moving average of $40.15 and a two-hundred day moving average of $38.91.

Virginia National Bankshares (NASDAQ:VABK) last posted its quarterly earnings data on Thursday, October 17th. The company reported $0.85 EPS for the quarter. Virginia National Bankshares had a return on equity of 9.96% and a net margin of 18.95%. The firm had revenue of $13.48 million during the quarter.

Virginia National Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.33 per share. The ex-dividend date was Friday, December 6th. This represents a $1.32 dividend on an annualized basis and a yield of 3.60%. Virginia National Bankshares’s dividend payout ratio is presently 45.67%.

Virginia National Bankshares Company Profile

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.