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

Virginia National Bankshares Co. (NASDAQ:VABK) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 16,600 shares, an increase of 31.7% from the November 30th total of 12,600 shares. Based on an average daily trading volume, of 7,800 shares, the short-interest ratio is presently 2.1 days. Currently, 0.4% of the shares of the stock are short sold.

Virginia National Bankshares Price Performance

NASDAQ VABK traded down $0.63 on Friday, hitting $38.35. 6,300 shares of the company’s stock were exchanged, compared to its average volume of 10,500. 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 has a 52 week low of $24.06 and a 52 week high of $44.00. The stock has a market cap of $205.98 million, a price-to-earnings ratio of 13.27 and a beta of 0.45. The stock has a 50-day moving average of $41.20 and a 200-day moving average of $38.38.

Virginia National Bankshares (NASDAQ:VABK) last announced its earnings results on Thursday, October 17th. The company reported $0.85 EPS for the quarter. The company 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 business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Friday, December 6th. Virginia National Bankshares’s dividend payout ratio (DPR) is 45.67%.

Hedge Funds Weigh In On Virginia National Bankshares

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Virginia National Bankshares by 135.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,060 shares of the company’s stock valued at $294,000 after purchasing an additional 4,066 shares in the last quarter. Barclays PLC raised its holdings in Virginia National Bankshares by 277.1% during the third 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 increased its holdings in Virginia National Bankshares by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 108,888 shares of the company’s stock valued at $4,536,000 after acquiring an additional 3,362 shares during the last quarter. State Street Corp increased its stake in 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 acquiring an additional 1,005 shares during the last quarter. Finally, De Lisle Partners LLP grew its holdings in shares of Virginia National Bankshares by 20.4% in the third quarter. De Lisle Partners LLP now owns 30,269 shares of the company’s stock worth $1,259,000 after purchasing an additional 5,119 shares during the last quarter. 37.39% of the stock is currently owned by institutional investors.

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.