Virginia National Bankshares (NASDAQ:VABK) Announces Earnings Results

Virginia National Bankshares (NASDAQ:VABK) released its quarterly earnings results on Thursday. The company reported $1.10 earnings per share for the quarter, FiscalAI reports. Virginia National Bankshares had a net margin of 21.37% and a return on equity of 10.58%. The company had revenue of $13.43 million during the quarter.

Virginia National Bankshares Stock Down 0.2%

Shares of VABK traded down $0.08 during mid-day trading on Thursday, hitting $39.56. 161 shares of the company’s stock were exchanged, compared to its average volume of 5,665. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.91 and a quick ratio of 0.91. Virginia National Bankshares has a 52 week low of $34.12 and a 52 week high of $44.57. The company has a market cap of $213.20 million, a PE ratio of 11.99 and a beta of 0.42. The company has a 50-day simple moving average of $40.49 and a 200 day simple moving average of $39.60.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Virginia National Bankshares in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Virginia National Bankshares presently has an average rating of “Buy”.

Institutional Investors Weigh In On Virginia National Bankshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in shares of Virginia National Bankshares during the 1st quarter worth approximately $227,000. Geode Capital Management LLC raised its position in Virginia National Bankshares by 2.1% during the second quarter. Geode Capital Management LLC now owns 112,804 shares of the company’s stock worth $4,174,000 after acquiring an additional 2,348 shares in the last quarter. Fourthstone LLC lifted its stake in Virginia National Bankshares by 5.9% in the second quarter. Fourthstone LLC now owns 8,874 shares of the company’s stock valued at $328,000 after acquiring an additional 494 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Virginia National Bankshares by 465.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,573 shares of the company’s stock valued at $58,000 after acquiring an additional 1,295 shares during the period. Finally, Atlantic Union Bankshares Corp increased its stake in shares of Virginia National Bankshares by 1,526.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 242,309 shares of the company’s stock worth $9,404,000 after purchasing an additional 227,407 shares during 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, 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.