Virginia National Bankshares’ (VABK) “Buy (B-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their buy (b-) rating on shares of Virginia National Bankshares (NASDAQ:VABK) in a research report sent to investors on Wednesday,Weiss Ratings reports.

Virginia National Bankshares Price Performance

Shares of VABK stock opened at $37.79 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.92 and a quick ratio of 0.92. The firm’s 50-day moving average is $39.33 and its two-hundred day moving average is $37.73. Virginia National Bankshares has a 12 month low of $33.66 and a 12 month high of $44.57. The company has a market capitalization of $203.69 million, a PE ratio of 11.42 and a beta of 0.42.

Virginia National Bankshares (NASDAQ:VABK) last released its quarterly earnings results on Tuesday, June 28th. The company reported $0.94 earnings per share (EPS) for the quarter. The business had revenue of $16.98 million for the quarter. Virginia National Bankshares had a net margin of 21.39% and a return on equity of 10.78%.

Virginia National Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was 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 and hedge funds have recently made changes to their positions in VABK. Bank of America Corp DE raised its stake in shares of 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 valued at $219,000 after acquiring an additional 1,464 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Virginia National Bankshares in the 1st quarter valued at approximately $27,000. DAVENPORT & Co LLC raised its stake in shares of Virginia National Bankshares by 14.8% in the 1st quarter. DAVENPORT & Co LLC now owns 11,729 shares of the company’s stock valued at $423,000 after acquiring an additional 1,512 shares during the period. Bank of New York Mellon Corp raised its stake 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 period. Finally, Jane Street Group LLC acquired a new position in shares of Virginia National Bankshares in the first quarter valued at approximately $227,000. 37.39% of the stock is owned by hedge funds and other 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.