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

Virginia National Bankshares Co. (NASDAQ:VABK) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 11,900 shares, a growth of 29.3% from the February 28th total of 9,200 shares. Based on an average trading volume of 5,800 shares, the short-interest ratio is presently 2.1 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Virginia National Bankshares

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its stake in Virginia National Bankshares by 527.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 960 shares of the company’s stock worth $37,000 after acquiring an additional 807 shares in the last quarter. Bank of America Corp DE grew its stake in Virginia National Bankshares by 34.2% during the fourth quarter. Bank of America Corp DE now owns 5,742 shares of the company’s stock worth $219,000 after buying an additional 1,464 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Virginia National Bankshares by 122.0% during the fourth quarter. Deutsche Bank AG now owns 5,785 shares of the company’s stock worth $221,000 after buying an additional 3,179 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Virginia National Bankshares in the 4th quarter worth approximately $223,000. Finally, Barclays PLC grew 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 worth $256,000 after acquiring an additional 4,509 shares during the last quarter. Institutional investors own 37.39% of the company’s stock.

Virginia National Bankshares Stock Performance

VABK opened at $36.08 on Tuesday. Virginia National Bankshares has a 12-month low of $24.06 and a 12-month high of $44.00. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $193.79 million, a P/E ratio of 11.45 and a beta of 0.46. The stock’s 50 day moving average price is $36.22 and its two-hundred day moving average price is $38.75.

Virginia National Bankshares (NASDAQ:VABK) last announced its quarterly earnings data 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.33 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.32 annualized dividend and a dividend yield of 3.66%. Virginia National Bankshares’s dividend payout ratio is currently 41.90%.

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.