Alliancebernstein L.P. Increases Stake in Virginia National Bankshares Co. (NASDAQ:VABK)

Alliancebernstein L.P. increased its holdings in Virginia National Bankshares Co. (NASDAQ:VABK) by 19.9% in the fourth quarter, Holdings Channel reports. The fund owned 122,869 shares of the company’s stock after purchasing an additional 20,434 shares during the quarter. Alliancebernstein L.P.’s holdings in Virginia National Bankshares were worth $4,694,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VABK. Geode Capital Management LLC lifted its position in shares of Virginia National Bankshares by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 108,888 shares of the company’s stock worth $4,536,000 after purchasing an additional 3,362 shares during the period. JPMorgan Chase & Co. raised its stake in Virginia National Bankshares by 135.8% in the third quarter. JPMorgan Chase & Co. now owns 7,060 shares of the company’s stock worth $294,000 after buying an additional 4,066 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Virginia National Bankshares by 22.0% in the fourth quarter. Bank of New York Mellon Corp now owns 11,995 shares of the company’s stock worth $458,000 after buying an additional 2,163 shares in the last quarter. State Street Corp lifted its holdings in Virginia National Bankshares by 1.4% during the third quarter. State Street Corp now owns 73,684 shares of the company’s stock worth $3,069,000 after buying an additional 1,005 shares during the period. Finally, Barclays PLC boosted its position 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 acquiring an additional 4,509 shares in the last quarter. 37.39% of the stock is currently owned by institutional investors.

Virginia National Bankshares Trading Down 2.0 %

VABK opened at $35.03 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The firm has a market cap of $188.88 million, a price-to-earnings ratio of 11.12 and a beta of 0.45. Virginia National Bankshares Co. has a 12 month low of $24.06 and a 12 month high of $44.00. The stock has a fifty day moving average price of $36.18 and a 200-day moving average price of $38.37.

Virginia National Bankshares (NASDAQ:VABK) last announced its earnings results on Thursday, January 23rd. The company reported $0.85 EPS for the quarter. Virginia National Bankshares had a net margin of 20.32% and a return on equity of 10.77%.

Virginia National Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.33 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.32 annualized dividend and a yield of 3.77%. Virginia National Bankshares’s dividend payout ratio (DPR) is 41.90%.

Virginia National Bankshares 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.