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

Virginia National Bankshares Co. (NASDAQ:VABK) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 12,600 shares, a decrease of 30.8% from the November 15th total of 18,200 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 8,100 shares, the days-to-cover ratio is currently 1.6 days.

Virginia National Bankshares Trading Down 0.7 %

VABK opened at $42.10 on Friday. The company has a fifty day moving average price of $41.27 and a two-hundred day moving average price of $37.65. The company has a market cap of $226.08 million, a P/E ratio of 14.57 and a beta of 0.45. 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 has a 1-year low of $24.06 and a 1-year high of $44.00.

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

Virginia National Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.33 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.32 annualized dividend and a yield of 3.14%. Virginia National Bankshares’s dividend payout ratio (DPR) is 45.67%.

Hedge Funds Weigh In On Virginia National Bankshares

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC grew its holdings in Virginia National Bankshares by 277.1% during the third 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. Bank of New York Mellon Corp increased its position 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 purchasing an additional 637 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Virginia National Bankshares by 88.5% during the 2nd quarter. Renaissance Technologies LLC now owns 19,600 shares of the company’s stock worth $643,000 after acquiring an additional 9,200 shares during the last quarter. Raffles Associates LP lifted its stake in Virginia National Bankshares by 4.0% during the second quarter. Raffles Associates LP now owns 26,867 shares of the company’s stock worth $881,000 after purchasing an additional 1,023 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Virginia National Bankshares by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 33,702 shares of the company’s stock worth $1,105,000 after buying an additional 1,049 shares in the last quarter. Hedge funds and other institutional investors own 37.39% of the company’s stock.

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.