Virginia National Bankshares (NASDAQ:VABK) Announces Quarterly Earnings Results

Virginia National Bankshares (NASDAQ:VABK) released its quarterly earnings data on Thursday. The company reported $1.20 earnings per share for the quarter, Zacks reports. Virginia National Bankshares had a net margin of 28.18% and a return on equity of 13.36%. The business had revenue of $16.22 million during the quarter.

Virginia National Bankshares Trading Up 0.4%

Shares of VABK opened at $51.38 on Friday. Virginia National Bankshares has a twelve month low of $37.35 and a twelve month high of $52.69. The company’s fifty day simple moving average is $48.17 and its 200-day simple moving average is $43.78. The company has a market cap of $278.97 million, a P/E ratio of 11.23 and a beta of 0.44. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.10.

Analysts Set New Price Targets

VABK has been the subject of several analyst reports. Wall Street Zen upgraded Virginia National Bankshares from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Virginia National Bankshares in a research report on Thursday, October 22nd. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, Virginia National Bankshares has a consensus rating of “Hold”.

Virginia National Bankshares Company Profile

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.