Virginia National Bankshares (NASDAQ:VABK) Posts Quarterly Earnings Results

Virginia National Bankshares (NASDAQ:VABK) released its earnings results on Thursday. The company reported $1.65 earnings per share for the quarter, Zacks reports. Virginia National Bankshares had a net margin of 28.18% and a return on equity of 13.58%. The business had revenue of $19.78 million for the quarter.

Virginia National Bankshares Stock Performance

VABK stock opened at $44.87 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $243.33 million, a P/E ratio of 9.84 and a beta of 0.45. The firm has a 50 day simple moving average of $44.03 and a 200 day simple moving average of $41.65. Virginia National Bankshares has a 52 week low of $36.60 and a 52 week high of $48.76.

Virginia National Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, August 14th. Virginia National Bankshares’s dividend payout ratio (DPR) is currently 31.58%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC acquired a new stake in shares of Virginia National Bankshares during the 4th quarter valued at $258,000. Bridgeway Capital Management LLC increased its stake in shares of Virginia National Bankshares by 65.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 14,684 shares of the company’s stock worth $585,000 after acquiring an additional 5,789 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Virginia National Bankshares by 46.5% during the fourth quarter. AQR Capital Management LLC now owns 13,832 shares of the company’s stock worth $551,000 after acquiring an additional 4,388 shares in the last quarter. Barclays PLC raised its holdings in shares of Virginia National Bankshares by 10.6% during the fourth quarter. Barclays PLC now owns 7,415 shares of the company’s stock worth $295,000 after acquiring an additional 710 shares in the last quarter. Finally, State Street Corp boosted its position in Virginia National Bankshares by 0.5% during the fourth quarter. State Street Corp now owns 80,375 shares of the company’s stock valued at $3,203,000 after purchasing an additional 435 shares during the last quarter. Institutional investors and hedge funds own 37.39% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Virginia National Bankshares in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Virginia National Bankshares has an average rating of “Hold”.

About Virginia National Bankshares

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.