Bank of New York Mellon Corp Increases Stock Position in Virginia National Bankshares Co. (NASDAQ:VABK)

Bank of New York Mellon Corp grew its holdings in shares of Virginia National Bankshares Co. (NASDAQ:VABK) by 5.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,483 shares of the company’s stock after buying an additional 637 shares during the period. Bank of New York Mellon Corp owned 0.25% of Virginia National Bankshares worth $442,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meridian Financial Partners LLC bought a new position in Virginia National Bankshares in the 2nd quarter worth about $3,894,000. Heritage Wealth Advisors lifted its stake in shares of Virginia National Bankshares by 4,424.9% in the first quarter. Heritage Wealth Advisors now owns 20,000 shares of the company’s stock worth $602,000 after buying an additional 19,558 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Virginia National Bankshares by 0.6% during the first quarter. Vanguard Group Inc. now owns 293,781 shares of the company’s stock valued at $8,843,000 after buying an additional 1,816 shares during the last quarter. Finally, Atlantic Union Bankshares Corp increased its position in shares of Virginia National Bankshares by 5.9% during the first quarter. Atlantic Union Bankshares Corp now owns 14,902 shares of the company’s stock valued at $449,000 after acquiring an additional 833 shares in the last quarter. 37.39% of the stock is owned by hedge funds and other institutional investors.

Virginia National Bankshares Trading Down 0.4 %

Virginia National Bankshares stock opened at $40.98 on Wednesday. Virginia National Bankshares Co. has a one year low of $24.06 and a one year high of $43.08. The business’s fifty day moving average is $38.22 and its 200 day moving average is $32.71. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $220.10 million, a PE ratio of 12.89 and a beta of 0.44.

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

Virginia National Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Friday, September 6th. Virginia National Bankshares’s dividend payout ratio is presently 41.51%.

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.