Virginia National Bankshares Corporation (NASDAQ:VABK) Declares Dividend Increase – $0.38 Per Share

Virginia National Bankshares Corporation (NASDAQ:VABK) announced a quarterly dividend on Tuesday, November 10th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.38 per share on Tuesday, December 15th. This represents a $1.52 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, December 1st. This is a 5.6% increase from Virginia National Bankshares’s previous quarterly dividend of $0.36.

Virginia National Bankshares Trading Down 0.1%

Shares of Virginia National Bankshares stock traded down $0.06 on Tuesday, reaching $53.31. The company had a trading volume of 14,023 shares, compared to its average volume of 8,884. The firm has a market cap of $289.47 million, a price-to-earnings ratio of 10.84 and a beta of 0.46. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.93. The firm’s 50-day moving average price is $49.03 and its two-hundred day moving average price is $44.22. Virginia National Bankshares has a 1 year low of $37.35 and a 1 year high of $55.00.

Virginia National Bankshares (NASDAQ:VABK) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.20 earnings per share for the quarter. The company had revenue of $16.22 million for the quarter. Virginia National Bankshares had a return on equity of 14.21% and a net margin of 29.92%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VABK. Wall Street Zen upgraded shares of Virginia National Bankshares from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings restated a “hold (c)” rating on shares of Virginia National Bankshares in a report on Thursday, October 22nd. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Virginia National Bankshares presently has an average rating of “Hold”.

About Virginia National Bankshares

Virginia National Bankshares Corp. is a bank holding company headquartered in Charlottesville, Virginia. It operates through its principal subsidiary, Virginia National Bank, a community bank serving individuals, families, businesses and organizations in Virginia. Virginia National Bank provides a range of financial services, including checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, business loans and treasury management services.