Virginia National Bankshares Corporation (NASDAQ:VABK) Increases Dividend to $0.38 Per Share

Virginia National Bankshares Corporation (NASDAQ:VABK) declared a quarterly dividend on Monday, November 9th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.38 per share on Tuesday, December 15th. This represents a $1.52 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, December 1st. This is a 5.6% increase from Virginia National Bankshares’s previous quarterly dividend of $0.36.

Virginia National Bankshares Stock Performance

NASDAQ:VABK opened at $53.31 on Wednesday. The stock has a market cap of $289.47 million, a P/E ratio of 10.85 and a beta of 0.46. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. The business’s 50-day moving average price is $49.17 and its two-hundred day moving average price is $44.28. Virginia National Bankshares has a twelve month low of $37.35 and a twelve month high of $55.00.

Virginia National Bankshares (NASDAQ:VABK) last issued its quarterly earnings data on Thursday, October 29th. The company reported $1.20 EPS for the quarter. The company had revenue of $16.22 million during the quarter. Virginia National Bankshares had a return on equity of 14.21% and a net margin of 29.92%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on VABK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Virginia National Bankshares in a research report on Thursday, October 22nd. Wall Street Zen raised shares of Virginia National Bankshares from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Virginia National Bankshares presently has an average rating of “Hold”.

About Virginia National Bankshares

Virginia National Bankshares Corp. is a bank holding company headquartered in Charlottesville, Virginia. It operates through its principal subsidiary, Virginia National Bank, a community bank serving individuals, families, businesses and organizations in Virginia. Virginia National Bank provides a range of financial services, including checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, business loans and treasury management services.