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

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

Hedge Funds Weigh In On Virginia National Bankshares

Large investors have recently made changes to their positions in the company. Barclays PLC increased its position in Virginia National Bankshares by 277.1% during the 3rd quarter. Barclays PLC now owns 6,136 shares of the company’s stock worth $256,000 after buying an additional 4,509 shares during the period. Bank of New York Mellon Corp increased its position in Virginia National Bankshares by 5.0% during the second quarter. Bank of New York Mellon Corp now owns 13,483 shares of the company’s stock worth $442,000 after acquiring an additional 637 shares during the period. Renaissance Technologies LLC raised its stake in Virginia National Bankshares by 88.5% in the 2nd quarter. Renaissance Technologies LLC now owns 19,600 shares of the company’s stock worth $643,000 after purchasing an additional 9,200 shares in the last quarter. Raffles Associates LP raised its stake in Virginia National Bankshares by 4.0% in the 2nd quarter. Raffles Associates LP now owns 26,867 shares of the company’s stock worth $881,000 after purchasing an additional 1,023 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Virginia National Bankshares by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 33,702 shares of the company’s stock valued at $1,105,000 after purchasing an additional 1,049 shares during the period. Institutional investors own 37.39% of the company’s stock.

Virginia National Bankshares Stock Down 2.0 %

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

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

Virginia National Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Friday, December 6th. Virginia National Bankshares’s payout ratio is 45.67%.

Virginia National Bankshares Company Profile

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.