Virginia National Bankshares (NASDAQ:VABK) Shares Up 0.7% – Still a Buy?

Virginia National Bankshares Corporation (NASDAQ:VABK)’s share price shot up 0.7% on Tuesday . The stock traded as high as $38.63 and last traded at $38.63. 4,143 shares were traded during mid-day trading, a decline of 66% from the average session volume of 12,280 shares. The stock had previously closed at $38.35.

Analysts Set New Price Targets

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

Virginia National Bankshares Price Performance

The firm has a market capitalization of $209.37 million, a price-to-earnings ratio of 10.88 and a beta of 0.42. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average is $39.67 and its 200 day moving average is $39.83.

Virginia National Bankshares (NASDAQ:VABK) last announced its quarterly earnings data on Thursday, January 29th. The company reported $1.10 earnings per share (EPS) for the quarter. The firm had revenue of $13.43 million for the quarter. Virginia National Bankshares had a net margin of 23.11% and a return on equity of 11.02%.

Virginia National Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a dividend of $0.36 per share. The ex-dividend date was Friday, February 13th. This represents a $1.44 annualized dividend and a yield of 3.7%. Virginia National Bankshares’s dividend payout ratio (DPR) is presently 40.56%.

Institutional Trading of Virginia National Bankshares

Hedge funds have recently modified their holdings of the stock. Cerity Partners LLC grew its position in Virginia National Bankshares by 0.8% in the 4th quarter. Cerity Partners LLC now owns 49,275 shares of the company’s stock valued at $1,964,000 after purchasing an additional 404 shares during the period. State Street Corp boosted its holdings in shares of Virginia National Bankshares by 0.5% in the 4th quarter. State Street Corp now owns 80,375 shares of the company’s stock worth $3,203,000 after buying an additional 435 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Virginia National Bankshares by 104.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 944 shares of the company’s stock worth $37,000 after buying an additional 482 shares during the last quarter. Fourthstone LLC boosted its holdings in shares of Virginia National Bankshares by 5.9% in the 2nd quarter. Fourthstone LLC now owns 8,874 shares of the company’s stock worth $328,000 after buying an additional 494 shares during the last quarter. Finally, Barclays PLC raised its stake in Virginia National Bankshares by 10.6% in the 4th quarter. Barclays PLC now owns 7,415 shares of the company’s stock valued at $295,000 after acquiring an additional 710 shares during the period. 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.