North Star Investment Management Corp. Buys Shares of 22,000 Virginia National Bankshares Corporation $VABK

North Star Investment Management Corp. purchased a new position in shares of Virginia National Bankshares Corporation (NASDAQ:VABK) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 22,000 shares of the company’s stock, valued at approximately $840,000. North Star Investment Management Corp. owned about 0.41% of Virginia National Bankshares at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of VABK. Empowered Funds LLC purchased a new position in shares of Virginia National Bankshares during the fourth quarter valued at approximately $258,000. Bridgeway Capital Management LLC grew its stake in Virginia National Bankshares by 65.1% in the 4th 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 period. AQR Capital Management LLC grew its stake in Virginia National Bankshares by 46.5% in the 4th 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 during the period. Barclays PLC raised its holdings in Virginia National Bankshares by 10.6% in the 4th quarter. Barclays PLC now owns 7,415 shares of the company’s stock valued at $295,000 after acquiring an additional 710 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Virginia National Bankshares by 0.5% during the 4th quarter. State Street Corp now owns 80,375 shares of the company’s stock worth $3,203,000 after purchasing an additional 435 shares during the period. 37.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Virginia National Bankshares Trading Down 2.6%

NASDAQ VABK opened at $44.35 on Tuesday. Virginia National Bankshares Corporation has a 12 month low of $36.60 and a 12 month high of $48.58. The company has a 50-day moving average of $43.07 and a 200-day moving average of $41.16. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $240.38 million, a P/E ratio of 12.02 and a beta of 0.47.

Virginia National Bankshares (NASDAQ:VABK) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.97 earnings per share for the quarter. Virginia National Bankshares had a net margin of 24.15% and a return on equity of 11.15%. The business had revenue of $14.39 million for the quarter.

Virginia National Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.44 dividend on an annualized basis and a yield of 3.2%. Virginia National Bankshares’s dividend payout ratio (DPR) is currently 39.02%.

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.