Meridian Financial Partners LLC trimmed its position in shares of Virginia National Bankshares Co. (NASDAQ:VABK – Free Report) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 150,561 shares of the company’s stock after selling 6,745 shares during the quarter. Virginia National Bankshares makes up 3.0% of Meridian Financial Partners LLC’s portfolio, making the stock its 7th biggest holding. Meridian Financial Partners LLC owned 2.80% of Virginia National Bankshares worth $5,751,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Virginia National Bankshares by 135.8% in the third quarter. JPMorgan Chase & Co. now owns 7,060 shares of the company’s stock valued at $294,000 after purchasing an additional 4,066 shares during the last quarter. Barclays PLC grew its holdings in Virginia National Bankshares by 277.1% during the 3rd quarter. Barclays PLC now owns 6,136 shares of the company’s stock valued at $256,000 after buying an additional 4,509 shares during the last quarter. Geode Capital Management LLC grew its holdings in Virginia National Bankshares by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 108,888 shares of the company’s stock valued at $4,536,000 after buying an additional 3,362 shares during the last quarter. State Street Corp increased its position in Virginia National Bankshares by 1.4% during the third quarter. State Street Corp now owns 73,684 shares of the company’s stock worth $3,069,000 after buying an additional 1,005 shares in the last quarter. Finally, De Lisle Partners LLP raised its holdings in shares of Virginia National Bankshares by 20.4% in the third quarter. De Lisle Partners LLP now owns 30,269 shares of the company’s stock worth $1,259,000 after acquiring an additional 5,119 shares during the last quarter. Institutional investors and hedge funds own 37.39% of the company’s stock.
Virginia National Bankshares Stock Up 4.0 %
Shares of NASDAQ:VABK opened at $35.97 on Wednesday. The company has a market capitalization of $193.19 million, a P/E ratio of 12.45 and a beta of 0.47. The stock’s fifty day simple moving average is $40.15 and its 200-day simple moving average is $38.91. Virginia National Bankshares Co. has a 52-week low of $24.06 and a 52-week high of $44.00. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32.
Virginia National Bankshares Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.33 per share. The ex-dividend date was Friday, December 6th. This represents a $1.32 dividend on an annualized basis and a yield of 3.67%. Virginia National Bankshares’s dividend payout ratio (DPR) is currently 45.67%.
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.
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