JPMorgan Chase & Co. Acquires 8,655 Shares of Virginia National Bankshares Co. (NASDAQ:VABK)

JPMorgan Chase & Co. raised its stake in Virginia National Bankshares Co. (NASDAQ:VABK) by 122.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,715 shares of the company’s stock after acquiring an additional 8,655 shares during the quarter. JPMorgan Chase & Co.’s holdings in Virginia National Bankshares were worth $600,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC raised its position in shares of Virginia National Bankshares by 277.1% during the third quarter. Barclays PLC now owns 6,136 shares of the company’s stock worth $256,000 after acquiring an additional 4,509 shares during the last quarter. DAVENPORT & Co LLC acquired a new position in Virginia National Bankshares in the fourth quarter valued at approximately $390,000. Bank of New York Mellon Corp grew its holdings in Virginia National Bankshares by 22.0% during the 4th quarter. Bank of New York Mellon Corp now owns 11,995 shares of the company’s stock worth $458,000 after acquiring an additional 2,163 shares during the period. State Street Corp lifted its stake in shares of Virginia National Bankshares by 1.4% in the 3rd quarter. State Street Corp now owns 73,684 shares of the company’s stock valued at $3,069,000 after purchasing an additional 1,005 shares during the period. Finally, Geode Capital Management LLC boosted 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 last quarter. Institutional investors and hedge funds own 37.39% of the company’s stock.

Virginia National Bankshares Trading Up 3.7 %

NASDAQ VABK opened at $36.78 on Thursday. The company has a market capitalization of $198.32 million, a PE ratio of 11.68 and a beta of 0.45. Virginia National Bankshares Co. has a 12 month low of $27.87 and a 12 month high of $44.00. The stock has a 50-day simple moving average of $35.81 and a 200 day simple moving average of $37.95. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32.

Virginia National Bankshares (NASDAQ:VABK) last posted its earnings results on Thursday, April 24th. The company reported $0.83 earnings per share for the quarter. Virginia National Bankshares had a net margin of 20.32% and a return on equity of 10.77%. The company had revenue of $14.06 million for the quarter.

Virginia National Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.36 per share. This is an increase from Virginia National Bankshares’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Thursday, May 15th. Virginia National Bankshares’s dividend payout ratio (DPR) is 43.64%.

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.