Virginia National Bankshares Co. (NASDAQ:VABK) Short Interest Down 28.9% in December

Virginia National Bankshares Co. (NASDAQ:VABK) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 11,800 shares, a decrease of 28.9% from the December 15th total of 16,600 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 7,600 shares, the days-to-cover ratio is presently 1.6 days.

Virginia National Bankshares Stock Up 2.0 %

Shares of VABK stock traded up $0.71 during trading hours on Wednesday, reaching $36.68. The company had a trading volume of 647 shares, compared to its average volume of 6,126. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89. The business has a fifty day simple moving average of $40.15 and a 200-day simple moving average of $38.91. Virginia National Bankshares has a 12 month low of $24.06 and a 12 month high of $44.00. The company has a market cap of $197.01 million, a price-to-earnings ratio of 12.69 and a beta of 0.47.

Virginia National Bankshares (NASDAQ:VABK) last announced its quarterly earnings data on Thursday, October 17th. The company reported $0.85 earnings per share (EPS) for the quarter. The firm had revenue of $13.48 million during the quarter. Virginia National Bankshares had a return on equity of 9.96% and a net margin of 18.95%.

Virginia National Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.33 dividend. The ex-dividend date was Friday, December 6th. This represents a $1.32 dividend on an annualized basis and a yield of 3.60%. Virginia National Bankshares’s dividend payout ratio is currently 45.67%.

Institutional Trading of Virginia National Bankshares

A number of hedge funds have recently made changes to their positions in VABK. Endeavour Capital Advisors Inc. boosted its stake in shares of Virginia National Bankshares by 22.0% in the 2nd quarter. Endeavour Capital Advisors Inc. now owns 249,266 shares of the company’s stock valued at $8,176,000 after purchasing an additional 44,879 shares in the last quarter. Geode Capital Management LLC increased its stake in Virginia National Bankshares by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 108,888 shares of the company’s stock worth $4,536,000 after purchasing an additional 3,362 shares during the period. State Street Corp boosted its stake in shares of Virginia National Bankshares by 1.4% during the third quarter. State Street Corp now owns 73,684 shares of the company’s stock valued at $3,069,000 after purchasing an additional 1,005 shares during the period. Barclays PLC grew its holdings in shares of Virginia National Bankshares by 277.1% in the third quarter. Barclays PLC now owns 6,136 shares of the company’s stock worth $256,000 after purchasing an additional 4,509 shares during the last quarter. Finally, Meridian Financial Partners LLC increased its stake in shares of Virginia National Bankshares by 32.5% in the third quarter. Meridian Financial Partners LLC now owns 157,306 shares of the company’s stock worth $6,552,000 after buying an additional 38,588 shares during the period. 37.39% of the stock is owned by institutional investors.

Virginia National Bankshares Company Profile

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.