Virginia National Bankshares Co. (NASDAQ:VABK) Sees Large Decrease in Short Interest

Virginia National Bankshares Co. (NASDAQ:VABK) was the target of a large drop in short interest in November. As of November 15th, there was short interest totalling 18,200 shares, a drop of 32.6% from the October 31st total of 27,000 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 7,800 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Investors Weigh In On Virginia National Bankshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC raised its position in shares of Virginia National Bankshares by 277.1% in the 3rd quarter. Barclays PLC now owns 6,136 shares of the company’s stock valued at $256,000 after acquiring an additional 4,509 shares during the period. Geode Capital Management LLC raised its holdings in Virginia National Bankshares by 3.2% in the third quarter. Geode Capital Management LLC now owns 108,888 shares of the company’s stock worth $4,536,000 after purchasing an additional 3,362 shares during the period. State Street Corp boosted its position in shares of Virginia National Bankshares by 1.4% during the third quarter. State Street Corp now owns 73,684 shares of the company’s stock worth $3,069,000 after purchasing an additional 1,005 shares in the last quarter. De Lisle Partners LLP grew its holdings in shares of Virginia National Bankshares by 20.4% in the 3rd quarter. De Lisle Partners LLP now owns 30,269 shares of the company’s stock valued at $1,259,000 after buying an additional 5,119 shares during the period. Finally, Meridian Financial Partners LLC increased its position in shares of Virginia National Bankshares by 32.5% in the 3rd quarter. Meridian Financial Partners LLC now owns 157,306 shares of the company’s stock valued at $6,552,000 after buying an additional 38,588 shares in the last quarter. Institutional investors own 37.39% of the company’s stock.

Virginia National Bankshares Price Performance

VABK traded down $0.83 during trading on Friday, hitting $41.07. The company’s stock had a trading volume of 3,521 shares, compared to its average volume of 10,772. The firm’s 50 day moving average price is $41.13 and its two-hundred day moving average price is $36.89. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $220.55 million, a price-to-earnings ratio of 14.50 and a beta of 0.46. Virginia National Bankshares has a 12 month low of $24.06 and a 12 month high of $44.00.

Virginia National Bankshares (NASDAQ:VABK) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.85 EPS for the quarter. Virginia National Bankshares had a net margin of 18.95% and a return on equity of 9.96%. The firm had revenue of $13.48 million for the quarter.

Virginia National Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.21%. Virginia National Bankshares’s dividend payout ratio (DPR) is presently 45.67%.

About Virginia National Bankshares

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.