Short Interest in Virginia National Bankshares Co. (NASDAQ:VABK) Rises By 42.4%

Virginia National Bankshares Co. (NASDAQ:VABK) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 56,400 shares, an increase of 42.4% from the March 31st total of 39,600 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average daily trading volume, of 10,500 shares, the short-interest ratio is currently 5.4 days.

Virginia National Bankshares Price Performance

VABK stock opened at $25.50 on Monday. The firm has a market cap of $137.45 million, a price-to-earnings ratio of 8.02 and a beta of 0.37. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. Virginia National Bankshares has a 12-month low of $24.06 and a 12-month high of $43.08. The company’s fifty day simple moving average is $28.58 and its 200 day simple moving average is $31.85.

Virginia National Bankshares (NASDAQ:VABK) last posted its quarterly earnings results on Friday, January 26th. The company reported $0.59 earnings per share for the quarter. Virginia National Bankshares had a net margin of 21.09% and a return on equity of 11.91%. The firm had revenue of $12.89 million during the quarter.

Virginia National Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend was Wednesday, March 13th. Virginia National Bankshares’s dividend payout ratio (DPR) is currently 41.51%.

Insider Activity at Virginia National Bankshares

In other news, Director Gregory L. Wells bought 910 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were acquired at an average price of $29.66 per share, for a total transaction of $26,990.60. Following the completion of the acquisition, the director now directly owns 14,125 shares in the company, valued at $418,947.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.56% of the stock is owned by company insiders.

Institutional Investors Weigh In On Virginia National Bankshares

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its stake in Virginia National Bankshares by 104.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,419 shares of the company’s stock valued at $49,000 after purchasing an additional 724 shares in the last quarter. Atlantic Union Bankshares Corp increased its stake in Virginia National Bankshares by 5.9% in the first quarter. Atlantic Union Bankshares Corp now owns 14,902 shares of the company’s stock valued at $449,000 after purchasing an additional 833 shares in the last quarter. Barclays PLC bought a new stake in Virginia National Bankshares in the second quarter valued at $30,000. Allspring Global Investments Holdings LLC bought a new stake in Virginia National Bankshares in the third quarter valued at $55,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in Virginia National Bankshares in the fourth quarter valued at $133,000. 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 four segments: Bank, Sturman Wealth Advisors, VNB Trust and Estate Services, and Masonry Capital. It provides checking accounts, demand deposits, NOW accounts, money market deposit accounts, time deposits, certificates of deposit, individual retirement accounts, and other depository services.