Virginia National Bankshares (NASDAQ:VABK) Trading Up 1.6% – What’s Next?

Virginia National Bankshares Corporation (NASDAQ:VABK) traded up 1.6% during trading on Tuesday . The company traded as high as $39.79 and last traded at $39.74. 8,003 shares traded hands during trading, an increase of 26% from the average session volume of 6,341 shares. The stock had previously closed at $39.11.

Analysts Set New Price Targets

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

Virginia National Bankshares Price Performance

The company’s fifty day moving average is $40.73 and its two-hundred day moving average is $40.11. 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 stock has a market cap of $214.20 million, a price-to-earnings ratio of 11.19 and a beta of 0.42.

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 business had revenue of $13.43 million for the quarter. Virginia National Bankshares had a return on equity of 11.22% and a net margin of 23.11%.

Virginia National Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $0.36 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.44 annualized dividend and a yield of 3.6%. Virginia National Bankshares’s dividend payout ratio is 40.56%.

Institutional Inflows and Outflows

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

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.