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

Virginia National Bankshares Co. (NASDAQ:VABK) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 39,500 shares, a drop of 32.5% from the September 15th total of 58,500 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 8,900 shares, the short-interest ratio is currently 4.4 days.

Virginia National Bankshares Stock Performance

Shares of VABK stock traded up $0.13 during mid-day trading on Friday, reaching $38.29. 10,871 shares of the company’s stock traded hands, compared to its average volume of 9,158. The firm has a 50 day moving average price of $38.81 and a two-hundred day moving average price of $33.68. 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 has a 12 month low of $24.06 and a 12 month high of $43.08. The firm has a market capitalization of $205.62 million, a PE ratio of 13.20 and a beta of 0.45.

Virginia National Bankshares (NASDAQ:VABK) last issued its quarterly earnings results on Friday, July 19th. The company reported $0.77 earnings per share (EPS) for the quarter. The business had revenue of $12.87 million during the quarter. Virginia National Bankshares had a return on equity of 10.50% and a net margin of 19.25%.

Virginia National Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.45%. Virginia National Bankshares’s dividend payout ratio is currently 45.52%.

Institutional Investors Weigh In On Virginia National Bankshares

A number of hedge funds have recently bought and sold shares of the business. Endeavour Capital Advisors Inc. increased its stake in Virginia National Bankshares by 22.0% during the second quarter. Endeavour Capital Advisors Inc. now owns 249,266 shares of the company’s stock worth $8,176,000 after acquiring an additional 44,879 shares during the last quarter. Raffles Associates LP grew its holdings in Virginia National Bankshares by 4.0% during the 2nd quarter. Raffles Associates LP now owns 26,867 shares of the company’s stock valued at $881,000 after purchasing an additional 1,023 shares during the last quarter. Renaissance Technologies LLC raised its position in Virginia National Bankshares by 88.5% in 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 period. Dimensional Fund Advisors LP lifted its stake in shares of Virginia National Bankshares by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 33,702 shares of the company’s stock worth $1,105,000 after acquiring an additional 1,049 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Virginia National Bankshares by 5.0% during the second quarter. Bank of New York Mellon Corp now owns 13,483 shares of the company’s stock valued at $442,000 after purchasing an additional 637 shares during the period. Hedge funds and other institutional investors own 37.39% of the company’s stock.

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.