Wetzel Investment Advisors Inc. Makes New Investment in Virginia National Bankshares Co. (NASDAQ:VABK)

Wetzel Investment Advisors Inc. bought a new position in Virginia National Bankshares Co. (NASDAQ:VABK) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 3,875 shares of the company’s stock, valued at approximately $133,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VABK. Barclays PLC purchased a new stake in Virginia National Bankshares in the 2nd quarter worth approximately $30,000. Bank of America Corp DE boosted its holdings in shares of Virginia National Bankshares by 86.5% in the 1st quarter. Bank of America Corp DE now owns 1,259 shares of the company’s stock valued at $45,000 after purchasing an additional 584 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Virginia National Bankshares in the 3rd quarter valued at $55,000. UBS Group AG boosted its holdings in shares of Virginia National Bankshares by 189.4% in the 3rd quarter. UBS Group AG now owns 1,864 shares of the company’s stock valued at $61,000 after purchasing an additional 1,220 shares during the last quarter. Finally, MetLife Investment Management LLC acquired a new position in shares of Virginia National Bankshares in the 2nd quarter valued at $87,000. 37.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Gregory L. Wells purchased 910 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were purchased at an average price of $29.66 per share, with a total value of $26,990.60. Following the purchase, the director now directly owns 14,125 shares of the company’s stock, valued at approximately $418,947.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 12.56% of the stock is currently owned by insiders.

Virginia National Bankshares Trading Down 0.5 %

Shares of VABK traded down $0.11 during mid-day trading on Friday, reaching $24.25. The company had a trading volume of 34,350 shares, compared to its average volume of 13,238. The stock has a market cap of $130.71 million, a price-to-earnings ratio of 6.77 and a beta of 0.37. The firm has a fifty day simple moving average of $29.22 and a 200-day simple moving average of $31.85. Virginia National Bankshares Co. has a fifty-two week low of $24.06 and a fifty-two week high of $43.08. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43.

Virginia National Bankshares (NASDAQ:VABK) last announced its quarterly earnings results on Friday, January 26th. The company reported $0.59 earnings per share for the quarter. The company had revenue of $12.89 million for the quarter. Virginia National Bankshares had a net margin of 24.35% and a return on equity of 13.45%.

Virginia National Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.44%. The ex-dividend date was Wednesday, March 13th. Virginia National Bankshares’s dividend payout ratio (DPR) is 36.87%.

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.