Virginia National Bankshares (NASDAQ:VABK) Stock Price Up 1.5% – Still a Buy?

Virginia National Bankshares Corporation (NASDAQ:VABK)’s share price rose 1.5% during trading on Monday. The company traded as high as $49.36 and last traded at $49.23. Approximately 9,109 shares traded hands during trading, an increase of 4% from the average daily volume of 8,751 shares. The stock had previously closed at $48.50.

Analyst Ratings Changes

A number of research firms have weighed in on VABK. Weiss Ratings reissued a “hold (c)” rating on shares of Virginia National Bankshares in a research note on Friday, July 24th. Wall Street Zen raised Virginia National Bankshares from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Virginia National Bankshares Stock Up 0.8%

The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.93. The business’s 50 day simple moving average is $47.47 and its 200 day simple moving average is $44.62. The company has a market capitalization of $275.25 million, a PE ratio of 11.12 and a beta of 0.44.

Virginia National Bankshares (NASDAQ:VABK) last posted its earnings results on Thursday, July 23rd. The company reported $1.65 earnings per share for the quarter. Virginia National Bankshares had a net margin of 28.18% and a return on equity of 13.36%. The company had revenue of $19.78 million for the quarter.

Virginia National Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, August 14th. Virginia National Bankshares’s payout ratio is currently 31.58%.

Institutional Investors Weigh In On Virginia National Bankshares

A number of hedge funds have recently added to or reduced their stakes in the business. Apella Capital LLC acquired a new position in shares of Virginia National Bankshares in the third quarter worth $223,000. De Lisle Partners LLP purchased a new position in Virginia National Bankshares in the second quarter valued at $1,272,000. Bank of New York Mellon Corp purchased a new position in Virginia National Bankshares in the second quarter valued at $699,000. Empowered Funds LLC grew its stake in Virginia National Bankshares by 4.7% during the 1st quarter. Empowered Funds LLC now owns 6,780 shares of the company’s stock worth $259,000 after purchasing an additional 304 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Virginia National Bankshares by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 51,463 shares of the company’s stock worth $1,967,000 after purchasing an additional 1,402 shares in the last quarter. 37.39% of the stock is currently owned by institutional investors and hedge funds.

Virginia National Bankshares Company Profile

Virginia National Bankshares Corp. is the bank holding company for Virginia National Bank, a community banking institution headquartered in Charlottesville, Virginia. The company provides banking and financial services to individuals, businesses, nonprofit organizations and government entities.

Virginia National Bank offers a range of deposit products, residential and commercial lending, mortgage services, online and mobile banking, treasury management and other cash-management solutions.