Virginia National Bankshares (NASDAQ:VABK) Stock Price Down 0.5% – Should You Sell?

Virginia National Bankshares Corporation (NASDAQ:VABK)’s share price traded down 0.5% during mid-day trading on Tuesday . The stock traded as low as $38.45 and last traded at $39.48. 15,112 shares changed hands during mid-day trading, an increase of 56% from the average session volume of 9,717 shares. The stock had previously closed at $39.69.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Virginia National Bankshares in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Virginia National Bankshares presently has a consensus rating of “Buy”.

Virginia National Bankshares Price Performance

The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.36. The firm’s fifty day moving average price is $39.66 and its two-hundred day moving average price is $37.89. The stock has a market capitalization of $212.80 million, a PE ratio of 11.93 and a beta of 0.42.

Virginia National Bankshares (NASDAQ:VABK) last released its quarterly earnings data on Tuesday, June 28th. The company reported $0.94 earnings per share for the quarter. Virginia National Bankshares had a net margin of 21.39% and a return on equity of 10.78%. The firm had revenue of $16.98 million during the quarter.

Institutional Trading of Virginia National Bankshares

Large investors have recently added to or reduced their stakes in the business. DAVENPORT & Co LLC grew its position in Virginia National Bankshares by 14.8% during the first quarter. DAVENPORT & Co LLC now owns 11,729 shares of the company’s stock valued at $423,000 after buying an additional 1,512 shares during the period. GAMMA Investing LLC bought a new position in shares of Virginia National Bankshares in the first quarter worth approximately $27,000. Bank of New York Mellon Corp boosted its position in shares of Virginia National Bankshares by 3.9% in the first quarter. Bank of New York Mellon Corp now owns 12,460 shares of the company’s stock worth $450,000 after purchasing an additional 465 shares during the period. Geode Capital Management LLC boosted its position in shares of Virginia National Bankshares by 2.1% in the second quarter. Geode Capital Management LLC now owns 112,804 shares of the company’s stock worth $4,174,000 after purchasing an additional 2,348 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of Virginia National Bankshares by 19.3% in the second quarter. Jane Street Group LLC now owns 7,492 shares of the company’s stock worth $277,000 after purchasing an additional 1,212 shares during the period. 37.39% of the stock is currently owned by institutional investors.

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 Bank, Sturman Wealth Advisors, VNB Trust and Estate Services, and Masonry Capital segments. It provides checking accounts, demand deposits, NOW accounts, money market deposit accounts, time deposits, certificates of deposit, individual retirement accounts, and other depository services.