Virginia National Bankshares Co. (NASDAQ:VABK) Short Interest Update

Virginia National Bankshares Co. (NASDAQ:VABK) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 56,400 shares, a growth of 42.4% from the March 31st total of 39,600 shares. Based on an average daily volume of 10,500 shares, the short-interest ratio is presently 5.4 days. Approximately 1.2% of the company’s stock are short sold.

Insiders Place Their Bets

In other news, Director Gregory L. Wells bought 910 shares of the stock in a transaction on Wednesday, February 7th. The shares were purchased at an average cost of $29.66 per share, for a total transaction of $26,990.60. Following the completion of the purchase, the director now directly owns 14,125 shares in the company, valued at approximately $418,947.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 12.56% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Virginia National Bankshares

A number of large investors have recently made changes to their positions in VABK. Atlantic Union Bankshares Corp lifted its position in shares of Virginia National Bankshares by 5.9% in the 1st quarter. Atlantic Union Bankshares Corp now owns 14,902 shares of the company’s stock worth $449,000 after purchasing an additional 833 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Virginia National Bankshares by 104.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,419 shares of the company’s stock worth $49,000 after buying an additional 724 shares during the period. Wetzel Investment Advisors Inc. bought a new stake in Virginia National Bankshares during the 4th quarter valued at approximately $133,000. Allspring Global Investments Holdings LLC bought a new stake in Virginia National Bankshares during the 3rd quarter valued at approximately $55,000. Finally, Barclays PLC purchased a new position in shares of Virginia National Bankshares during the 2nd quarter worth approximately $30,000. 37.39% of the stock is currently owned by institutional investors.

Virginia National Bankshares Stock Performance

NASDAQ:VABK opened at $25.50 on Friday. The business’s 50-day moving average price is $28.73 and its two-hundred day moving average price is $31.78. The stock has a market cap of $137.45 million, a P/E ratio of 8.02 and a beta of 0.37. Virginia National Bankshares has a twelve month low of $24.06 and a twelve month high of $43.08. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.43.

Virginia National Bankshares (NASDAQ:VABK) last announced its quarterly earnings data on Friday, January 26th. The company reported $0.59 earnings per share (EPS) for the quarter. The firm had revenue of $12.89 million for the quarter. Virginia National Bankshares had a return on equity of 11.91% and a net margin of 21.09%.

Virginia National Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend was Wednesday, March 13th. Virginia National Bankshares’s dividend payout ratio (DPR) is currently 41.51%.

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 four segments: Bank, Sturman Wealth Advisors, VNB Trust and Estate Services, and Masonry Capital. It provides checking accounts, demand deposits, NOW accounts, money market deposit accounts, time deposits, certificates of deposit, individual retirement accounts, and other depository services.