Virginia National Bankshares Co. (NASDAQ:VABK) Sees Large Decline in Short Interest

Virginia National Bankshares Co. (NASDAQ:VABK) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 29,500 shares, a decrease of 25.3% from the September 30th total of 39,500 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 7,800 shares, the days-to-cover ratio is presently 3.8 days.

Virginia National Bankshares Price Performance

Virginia National Bankshares stock traded up $0.26 during trading hours on Monday, hitting $40.21. 3,787 shares of the stock were exchanged, compared to its average volume of 11,013. The stock has a market capitalization of $215.93 million, a P/E ratio of 13.82 and a beta of 0.45. Virginia National Bankshares has a 12 month low of $24.06 and a 12 month high of $43.08. The business’s 50-day moving average is $39.92 and its two-hundred day moving average is $34.53. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 0.86.

Virginia National Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Friday, December 6th. Virginia National Bankshares’s dividend payout ratio (DPR) is currently 45.67%.

Hedge Funds Weigh In On Virginia National Bankshares

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Meridian Financial Partners LLC raised its holdings in shares of Virginia National Bankshares by 32.5% in the third quarter. Meridian Financial Partners LLC now owns 157,306 shares of the company’s stock valued at $6,552,000 after purchasing an additional 38,588 shares during the last quarter. Endeavour Capital Advisors Inc. raised its position in shares of Virginia National Bankshares by 22.0% in the second quarter. Endeavour Capital Advisors Inc. now owns 249,266 shares of the company’s stock valued at $8,176,000 after purchasing an additional 44,879 shares during the period. Raffles Associates LP raised 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 period. Renaissance Technologies LLC lifted its holdings in 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 purchasing an additional 9,200 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Virginia National Bankshares by 3.2% during 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. 37.39% of the stock is owned by institutional investors.

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.