Charles Schwab Investment Management Inc. Sells 550 Shares of Virginia National Bankshares Co. (NASDAQ:VABK)

Charles Schwab Investment Management Inc. reduced its stake in Virginia National Bankshares Co. (NASDAQ:VABK) by 3.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,418 shares of the company’s stock after selling 550 shares during the period. Charles Schwab Investment Management Inc. owned 0.25% of Virginia National Bankshares worth $559,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VABK. Bank of New York Mellon Corp increased its position in 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 buying an additional 637 shares in the last quarter. Raffles Associates LP increased its holdings in shares of Virginia National Bankshares by 4.0% during the second quarter. Raffles Associates LP now owns 26,867 shares of the company’s stock valued at $881,000 after acquiring an additional 1,023 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Virginia National Bankshares by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 33,702 shares of the company’s stock worth $1,105,000 after purchasing an additional 1,049 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of 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 in the last quarter. Finally, Meridian Financial Partners LLC grew its position in Virginia National Bankshares by 32.5% in the 3rd quarter. Meridian Financial Partners LLC now owns 157,306 shares of the company’s stock valued at $6,552,000 after purchasing an additional 38,588 shares during the period. Institutional investors and hedge funds own 37.39% of the company’s stock.

Virginia National Bankshares Stock Performance

VABK opened at $38.81 on Thursday. Virginia National Bankshares Co. has a 1-year low of $24.06 and a 1-year high of $44.00. The company has a market cap of $208.45 million, a price-to-earnings ratio of 13.43 and a beta of 0.45. The company’s fifty day moving average price is $41.36 and its two-hundred day moving average price is $38.01. 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 (NASDAQ:VABK) last released its quarterly earnings results on Thursday, October 17th. The company reported $0.85 EPS for the quarter. The business had revenue of $13.48 million during the quarter. Virginia National Bankshares had a return on equity of 9.96% and a net margin of 18.95%.

Virginia National Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.32 dividend on an annualized basis and a yield of 3.40%. Virginia National Bankshares’s dividend payout ratio (DPR) is currently 45.67%.

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.