Virginia National Bankshares (NASDAQ:VABK) Stock Price Down 0.2% – Here’s What Happened

Virginia National Bankshares Corporation (NASDAQ:VABK)’s stock price traded down 0.2% on Friday . The company traded as low as $46.79 and last traded at $46.79. Approximately 2,423 shares changed hands during trading, a decline of 68% from the average daily volume of 7,592 shares. The stock had previously closed at $46.87.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VABK. Weiss Ratings reiterated a “hold (c)” rating on shares of Virginia National Bankshares in a report on Friday, July 24th. Wall Street Zen upgraded shares of Virginia National Bankshares from a “hold” rating to a “buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Virginia National Bankshares currently has an average rating of “Hold”.

Virginia National Bankshares Stock Performance

The firm has a market cap of $253.60 million, a P/E ratio of 10.26 and a beta of 0.45. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average is $45.33 and its two-hundred day moving average is $42.36.

Virginia National Bankshares (NASDAQ:VABK) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.65 EPS for the quarter. The firm had revenue of $19.78 million during the quarter. Virginia National Bankshares had a return on equity of 13.58% and a net margin of 28.18%.

Virginia National Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.44 annualized dividend and a dividend yield of 3.1%. Virginia National Bankshares’s payout ratio is presently 31.58%.

Institutional Investors Weigh In On Virginia National Bankshares

Several institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC bought a new position in Virginia National Bankshares during the 4th quarter valued at $1,815,000. De Lisle Partners LLP purchased a new position in Virginia National Bankshares during the 2nd quarter worth $1,272,000. North Star Investment Management Corp. bought a new stake in shares of Virginia National Bankshares in the 1st quarter worth $840,000. Bank of New York Mellon Corp purchased a new stake in shares of Virginia National Bankshares in the second quarter valued at about $699,000. Finally, Fiduciary Trust Co purchased a new stake in shares of Virginia National Bankshares in the third quarter valued at about $393,000. Institutional investors own 37.39% of the company’s stock.

Virginia National Bankshares Company Profile

Virginia National Bankshares, Inc is a bank holding company headquartered in Virginia. Through its wholly owned subsidiary, Virginia National Bank, the company offers a full suite of commercial and consumer banking services across its regional footprint.

Its product lineup includes traditional deposit accounts such as checking, savings, money market and certificate of deposit offerings. On the lending side, Virginia National Bank provides commercial loans, business lines of credit, residential and commercial real estate mortgages, construction financing and consumer installment loans.