Virginia National Bankshares Co. (NASDAQ:VABK) Sees Significant Decrease in Short Interest

Virginia National Bankshares Co. (NASDAQ:VABK) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 11,800 shares, a drop of 28.9% from the December 15th total of 16,600 shares. Based on an average daily trading volume, of 7,600 shares, the short-interest ratio is currently 1.6 days. Approximately 0.3% of the company’s stock are short sold.

Virginia National Bankshares Trading Down 3.8 %

NASDAQ VABK opened at $35.11 on Friday. 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. The firm’s fifty day simple moving average is $39.89 and its 200-day simple moving average is $38.86. The company has a market capitalization of $188.54 million, a PE ratio of 12.15 and a beta of 0.47.

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

Virginia National Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.33 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.32 annualized dividend and a dividend yield of 3.76%. Virginia National Bankshares’s payout ratio is 45.67%.

Hedge Funds Weigh In On Virginia National Bankshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VABK. Barclays PLC grew its position in Virginia National Bankshares by 277.1% in 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 in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Virginia National Bankshares by 135.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,060 shares of the company’s stock valued at $294,000 after acquiring an additional 4,066 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Virginia National Bankshares by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 13,483 shares of the company’s stock valued at $442,000 after acquiring an additional 637 shares in the last quarter. Renaissance Technologies LLC lifted its holdings 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 last quarter. Finally, Raffles Associates LP boosted its position 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 period. 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.