Short Interest in Virginia National Bankshares Corporation (NASDAQ:VABK) Declines By 19.0%

Virginia National Bankshares Corporation (NASDAQ:VABK) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 16,200 shares, a decrease of 19.0% from the August 15th total of 20,000 shares. Based on an average daily trading volume, of 17,800 shares, the short-interest ratio is currently 0.9 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 17,800 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of Virginia National Bankshares

Large investors have recently made changes to their positions in the company. DAVENPORT & Co LLC boosted its stake in Virginia National Bankshares by 14.8% in the 1st quarter. DAVENPORT & Co LLC now owns 11,729 shares of the company’s stock worth $423,000 after purchasing an additional 1,512 shares during the period. GAMMA Investing LLC acquired a new position in Virginia National Bankshares in the 1st quarter worth $27,000. Bank of America Corp DE boosted its stake 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 purchasing an additional 1,464 shares during the period. Deutsche Bank AG boosted its stake in Virginia National Bankshares by 122.0% in the 4th quarter. Deutsche Bank AG now owns 5,785 shares of the company’s stock worth $221,000 after purchasing an additional 3,179 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in 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 worth $450,000 after purchasing an additional 465 shares during the period. Institutional investors own 37.39% of the company’s stock.

Virginia National Bankshares Price Performance

VABK opened at $40.24 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.36. Virginia National Bankshares has a 12 month low of $33.66 and a 12 month high of $44.57. The company has a fifty day simple moving average of $38.96 and a 200 day simple moving average of $37.42. The stock has a market cap of $216.89 million, a P/E ratio of 12.16 and a beta of 0.44.

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

Virginia National Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $0.36 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.6%. Virginia National Bankshares’s dividend payout ratio is currently 43.50%.

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.