Virginia National Bankshares Corporation (NASDAQ:VABK) Short Interest Up 15.8% in February

Virginia National Bankshares Corporation (NASDAQ:VABK) saw a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 27,249 shares, a growth of 15.8% from the February 12th total of 23,537 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 7,292 shares, the days-to-cover ratio is currently 3.7 days. Based on an average trading volume of 7,292 shares, the days-to-cover ratio is currently 3.7 days. Currently, 0.6% of the company’s shares are sold short.

Hedge Funds Weigh In On Virginia National Bankshares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its position in 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 acquiring an additional 482 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Virginia National Bankshares by 465.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,573 shares of the company’s stock worth $58,000 after purchasing an additional 1,295 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Virginia National Bankshares by 19.5% in the third quarter. JPMorgan Chase & Co. now owns 4,816 shares of the company’s stock valued at $187,000 after purchasing an additional 787 shares during the period. Wealthcare Advisory Partners LLC purchased a new position in shares of Virginia National Bankshares in the fourth quarter valued at $204,000. Finally, Jane Street Group LLC acquired a new stake in Virginia National Bankshares during the 1st quarter valued at $227,000. 37.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Virginia National Bankshares from a “buy (b)” rating to a “hold (c)” rating in a research note on Friday, January 30th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Virginia National Bankshares Stock Performance

Shares of VABK stock opened at $38.29 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. The company has a market cap of $206.38 million, a PE ratio of 10.79 and a beta of 0.42. The company’s fifty day simple moving average is $40.11 and its 200-day simple moving average is $40.02. Virginia National Bankshares has a 52 week low of $34.12 and a 52 week high of $44.57.

Virginia National Bankshares (NASDAQ:VABK) last announced its quarterly earnings results on Thursday, January 29th. The company reported $1.10 earnings per share for the quarter. Virginia National Bankshares had a net margin of 23.11% and a return on equity of 11.22%. The firm had revenue of $13.43 million during the quarter.

Virginia National Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a $0.36 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.8%. Virginia National Bankshares’s dividend payout ratio (DPR) is 40.56%.

About Virginia National Bankshares

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.