Deutsche Bank AG Boosts Stake in Virginia National Bankshares Co. (NASDAQ:VABK)

Deutsche Bank AG lifted its stake in Virginia National Bankshares Co. (NASDAQ:VABK) by 122.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,785 shares of the company’s stock after purchasing an additional 3,179 shares during the period. Deutsche Bank AG owned 0.11% of Virginia National Bankshares worth $221,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of VABK. Bank of America Corp DE boosted its holdings in Virginia National Bankshares by 34.2% in the 4th quarter. Bank of America Corp DE now owns 5,742 shares of the company’s stock worth $219,000 after buying an additional 1,464 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Virginia National Bankshares by 2.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 219,830 shares of the company’s stock worth $8,398,000 after buying an additional 5,961 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Virginia National Bankshares by 527.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 960 shares of the company’s stock worth $37,000 after buying an additional 807 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Virginia National Bankshares by 13.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 38,563 shares of the company’s stock worth $1,473,000 after buying an additional 4,525 shares during the period. Finally, Barclays PLC boosted its holdings in Virginia National Bankshares by 14.5% in the 4th quarter. Barclays PLC now owns 7,028 shares of the company’s stock worth $268,000 after buying an additional 892 shares during the period. 37.39% of the stock is currently owned by hedge funds and other institutional investors.

Virginia National Bankshares Trading Down 1.2%

Shares of Virginia National Bankshares stock opened at $36.90 on Tuesday. The company has a market capitalization of $198.96 million, a P/E ratio of 11.71 and a beta of 0.44. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89. The company has a fifty day moving average of $36.53 and a 200 day moving average of $37.31. Virginia National Bankshares Co. has a fifty-two week low of $28.71 and a fifty-two week high of $44.00.

Virginia National Bankshares (NASDAQ:VABK) last issued its earnings results on Thursday, April 24th. The company reported $0.83 earnings per share for the quarter. The company had revenue of $14.06 million during the quarter. Virginia National Bankshares had a net margin of 20.32% and a return on equity of 10.77%.

Virginia National Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were issued a $0.36 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.44 annualized dividend and a yield of 3.90%. This is an increase from Virginia National Bankshares’s previous quarterly dividend of $0.33. Virginia National Bankshares’s dividend payout ratio is currently 43.64%.

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.