Virginia National Bankshares (OTCMKTS:VABK) Share Price Passes Below 200 Day Moving Average of $35.78

Virginia National Bankshares Co. (OTCMKTS:VABK – Get Rating) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $35.78 and traded as low as $28.25. Virginia National Bankshares shares last traded at $29.10, with a volume of 10,384 shares trading hands.

Virginia National Bankshares Stock Performance

The stock’s fifty day moving average is $34.25 and its two-hundred day moving average is $35.78. The firm has a market capitalization of $156.24 million, a price-to-earnings ratio of 6.41 and a beta of 0.12. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 0.14.

Virginia National Bankshares (OTCMKTS:VABK – Get Rating) last issued its earnings results on Tuesday, April 18th. The company reported $1.08 EPS for the quarter. The firm had revenue of $15.69 million during the quarter. Virginia National Bankshares had a return on equity of 18.17% and a net margin of 33.80%.

Virginia National Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Friday, March 10th were issued a dividend of $0.33 per share. This is a positive change from Virginia National Bankshares’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, March 9th. This represents a $1.32 annualized dividend and a yield of 4.54%. Virginia National Bankshares’s dividend payout ratio (DPR) is presently 29.07%.

Insiders Place Their Bets

In other Virginia National Bankshares news, EVP Virginia R. Bayes bought 2,000 shares of the stock in a transaction dated Wednesday, May 3rd. The shares were bought at an average cost of $30.70 per share, for a total transaction of $61,400.00. Following the purchase, the executive vice president now directly owns 16,797 shares of the company’s stock, valued at approximately $515,667.90. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In other Virginia National Bankshares news, Director William D. Jr. Dittmar bought 1,772 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were bought at an average price of $30.91 per share, with a total value of $54,772.52. Following the purchase, the director now owns 214,428 shares of the company’s stock, valued at $6,627,969.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Virginia R. Bayes purchased 2,000 shares of the business’s stock in a transaction on Wednesday, May 3rd. The shares were purchased at an average price of $30.70 per share, with a total value of $61,400.00. Following the acquisition, the executive vice president now directly owns 16,797 shares in the company, valued at $515,667.90. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 5,181 shares of company stock worth $160,250. 12.33% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VABK. Vanguard Group Inc. increased its holdings in shares of Virginia National Bankshares by 0.4% in the first quarter. Vanguard Group Inc. now owns 199,777 shares of the company’s stock valued at $6,893,000 after purchasing an additional 865 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Virginia National Bankshares by 10.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 192,877 shares of the company’s stock worth $7,071,000 after acquiring an additional 18,680 shares during the period. The Manufacturers Life Insurance Company purchased a new position in Virginia National Bankshares in the third quarter worth approximately $5,651,000. Fourthstone LLC grew its position in Virginia National Bankshares by 10.0% in the first quarter. Fourthstone LLC now owns 71,798 shares of the company’s stock worth $2,477,000 after acquiring an additional 6,510 shares during the period. Finally, FJ Capital Management LLC purchased a new position in Virginia National Bankshares in the fourth quarter worth approximately $1,520,000. 30.31% of the stock is owned by institutional investors and hedge funds.

Virginia National Bankshares Company Profile

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Virginia National Bankshares Corp. is a bank holding company engaged in the provision of banking and related financial services. It operates through the following segments: Bank, VNB Trust and Estate Services, Sturman Wealth Advisors, and Masonry Capital. The Bank segment includes making loans, taking deposits, and offering related services to individuals, businesses, and charitable organizations.