Virginia National Bankshares (NASDAQ:VABK) Trading 4.5% Higher – Still a Buy?

Virginia National Bankshares Corporation (NASDAQ:VABK)’s share price traded up 4.5% during mid-day trading on Friday . The company traded as high as $42.25 and last traded at $42.25. 2,504 shares traded hands during trading, a decline of 54% from the average session volume of 5,409 shares. The stock had previously closed at $40.42.

Analyst Ratings Changes

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

Virginia National Bankshares Stock Performance

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’s fifty day simple moving average is $41.47 and its two-hundred day simple moving average is $40.64. The stock has a market cap of $229.00 million, a price-to-earnings ratio of 11.45 and a beta of 0.47.

Virginia National Bankshares (NASDAQ:VABK) last released 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 firm had revenue of $14.40 million for the quarter.

Virginia National Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.36 per share. The ex-dividend date was Wednesday, May 13th. This represents a $1.44 annualized dividend and a yield of 3.4%. Virginia National Bankshares’s dividend payout ratio is presently 39.02%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Empowered Funds LLC raised its holdings in Virginia National Bankshares by 4.7% during the first quarter. Empowered Funds LLC now owns 6,780 shares of the company’s stock worth $259,000 after buying an additional 304 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Virginia National Bankshares by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 51,463 shares of the company’s stock worth $1,967,000 after buying an additional 1,402 shares during the last quarter. M3F Inc. acquired a new position in Virginia National Bankshares during the first quarter worth $220,000. North Star Investment Management Corp. acquired a new position in Virginia National Bankshares during the first quarter worth $840,000. Finally, Bridgeway Capital Management LLC raised its holdings in Virginia National Bankshares by 65.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 14,684 shares of the company’s stock worth $585,000 after buying an additional 5,789 shares during the last quarter. Institutional investors and hedge funds own 37.39% of the company’s stock.

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.