Virginia National Bankshares (NASDAQ:VABK) Shares Down 2.7% – What’s Next?

Virginia National Bankshares Corporation (NASDAQ:VABK)’s stock price fell 2.7% during trading on Monday . The stock traded as low as $40.50 and last traded at $41.22. 199,617 shares traded hands during trading, an increase of 1,513% from the average session volume of 12,374 shares. The stock had previously closed at $42.35.

Virginia National Bankshares Stock Down 2.7%

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a fifty day simple moving average of $37.74 and a 200-day simple moving average of $36.89. The company has a market capitalization of $222.26 million, a PE ratio of 12.45 and a beta of 0.42.

Virginia National Bankshares (NASDAQ:VABK) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.78 earnings per share (EPS) for the quarter. Virginia National Bankshares had a return on equity of 10.78% and a net margin of 21.39%.The company had revenue of $14.11 million for the quarter.

Virginia National Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, August 15th. Virginia National Bankshares’s payout ratio is 43.50%.

Institutional Investors Weigh In On Virginia National Bankshares

A number of institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in shares of Virginia National Bankshares by 3.9% in the 1st quarter. Bank of New York Mellon Corp now owns 12,460 shares of the company’s stock valued at $450,000 after acquiring an additional 465 shares during the last quarter. Fourthstone LLC boosted its position in Virginia National Bankshares by 5.9% during the 2nd quarter. Fourthstone LLC now owns 8,874 shares of the company’s stock valued at $328,000 after purchasing an additional 494 shares during the period. Wells Fargo & Company MN boosted its position in Virginia National Bankshares by 8.6% during the 4th quarter. Wells Fargo & Company MN now owns 7,576 shares of the company’s stock valued at $289,000 after purchasing an additional 597 shares during the period. GAMMA Investing LLC acquired a new position in Virginia National Bankshares during the 1st quarter valued at approximately $27,000. Finally, Tower Research Capital LLC TRC boosted its position in Virginia National Bankshares by 527.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 960 shares of the company’s stock valued at $37,000 after purchasing an additional 807 shares during the period. 37.39% of the stock is currently 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 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.