Virginia National Bankshares (NASDAQ:VABK) Stock Price Up 2.2% – Here’s Why

Virginia National Bankshares Corporation (NASDAQ:VABK) were up 2.2% during trading on Monday . The company traded as high as $40.43 and last traded at $40.43. Approximately 5,781 shares traded hands during trading, an increase of 6% from the average daily volume of 5,468 shares. The stock had previously closed at $39.55.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Virginia National Bankshares in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Virginia National Bankshares Trading Up 2.2%

The company has a 50 day moving average of $40.45 and a two-hundred day moving average of $39.58. The stock has a market capitalization of $217.92 million, a PE ratio of 12.25 and a beta of 0.42. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.91.

Hedge Funds Weigh In On Virginia National Bankshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in shares of Virginia National Bankshares by 104.3% in the third quarter. BNP Paribas Financial Markets now owns 944 shares of the company’s stock valued at $37,000 after purchasing an additional 482 shares during the period. Tower Research Capital LLC TRC boosted its position in Virginia National Bankshares by 465.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,573 shares of the company’s stock valued at $58,000 after buying an additional 1,295 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Virginia National Bankshares by 19.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,816 shares of the company’s stock worth $187,000 after buying an additional 787 shares during the period. Wealthcare Advisory Partners LLC acquired a new position in Virginia National Bankshares in the 4th quarter worth approximately $204,000. Finally, Jane Street Group LLC purchased a new position in Virginia National Bankshares during the 1st quarter worth approximately $227,000. Hedge funds and other institutional investors own 37.39% of the company’s stock.

Virginia National Bankshares Company Profile

Virginia National Bankshares, Inc is a bank holding company headquartered in Virginia. Through its wholly owned subsidiary, Virginia National Bank, the company offers a full suite of commercial and consumer banking services across its regional footprint.

Its product lineup includes traditional deposit accounts such as checking, savings, money market and certificate of deposit offerings. On the lending side, Virginia National Bank provides commercial loans, business lines of credit, residential and commercial real estate mortgages, construction financing and consumer installment loans.