Virginia National Bankshares (NASDAQ:VABK) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Virginia National Bankshares (NASDAQ:VABK) from a hold rating to a buy rating in a research note released on Saturday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Virginia National Bankshares in a research note on Friday, July 24th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Virginia National Bankshares Price Performance

Shares of VABK opened at $46.79 on Friday. The stock has a market cap of $253.60 million, a PE ratio of 10.26 and a beta of 0.45. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.92 and a current ratio of 0.92. Virginia National Bankshares has a fifty-two week low of $37.31 and a fifty-two week high of $50.00. The firm’s 50-day simple moving average is $45.33 and its two-hundred day simple moving average is $42.36.

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

Virginia National Bankshares Announces Dividend

The firm also recently disclosed 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 dividend payout ratio (DPR) is 31.58%.

Hedge Funds Weigh In On Virginia National Bankshares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its holdings in shares of Virginia National Bankshares by 104.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 944 shares of the company’s stock valued at $37,000 after acquiring an additional 482 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Virginia National Bankshares by 465.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,573 shares of the company’s stock valued at $58,000 after purchasing an additional 1,295 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Virginia National Bankshares by 19.5% during the third quarter. JPMorgan Chase & Co. now owns 4,816 shares of the company’s stock valued at $187,000 after purchasing an additional 787 shares during the period. M3F Inc. bought a new position in Virginia National Bankshares during the first quarter valued at approximately $220,000. Finally, Jane Street Group LLC purchased a new stake in Virginia National Bankshares in the first quarter worth approximately $227,000. Institutional investors own 37.39% of the company’s stock.

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.