Virginia National Bankshares (NASDAQ:VABK) Issues Earnings Results

Virginia National Bankshares (NASDAQ:VABK) released its quarterly earnings results on Thursday. The company reported $1.65 earnings per share for the quarter, Zacks reports. Virginia National Bankshares had a return on equity of 11.15% and a net margin of 24.15%.The business had revenue of $19.78 million for the quarter.

Virginia National Bankshares Trading Down 0.4%

Shares of NASDAQ VABK traded down $0.19 during midday trading on Thursday, reaching $44.30. The company had a trading volume of 7,532 shares, compared to its average volume of 8,024. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.11. The firm’s fifty day moving average price is $43.94 and its 200-day moving average price is $41.59. The stock has a market cap of $240.11 million, a PE ratio of 12.01 and a beta of 0.45. Virginia National Bankshares has a one year low of $36.60 and a one year high of $48.76.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued 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, Based on data from MarketBeat, the company has an average rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its position in 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 buying an additional 482 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Virginia National Bankshares by 465.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,573 shares of the company’s stock worth $58,000 after purchasing an additional 1,295 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Virginia National Bankshares by 19.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,816 shares of the company’s stock worth $187,000 after buying an additional 787 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Virginia National Bankshares in the 1st quarter worth approximately $227,000. Finally, Empowered Funds LLC bought a new position in shares of Virginia National Bankshares during the fourth quarter valued at approximately $258,000. 37.39% of the stock is owned by hedge funds and other institutional investors.

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.