Virginia National Bankshares Corporation Declares Quarterly Dividend of $0.36 (NASDAQ:VABK)

Virginia National Bankshares Corporation (NASDAQ:VABK) announced a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Wednesday, May 13th will be given a dividend of 0.36 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, May 13th.

Virginia National Bankshares Trading Down 0.9%

Shares of VABK stock traded down $0.38 during mid-day trading on Thursday, reaching $41.43. The company’s stock had a trading volume of 4,109 shares, compared to its average volume of 8,452. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $224.63 million, a PE ratio of 11.67 and a beta of 0.42. The company’s 50 day simple moving average is $39.49 and its 200-day simple moving average is $40.00. Virginia National Bankshares has a 12-month low of $34.81 and a 12-month high of $44.57.

Virginia National Bankshares (NASDAQ:VABK) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.97 earnings per share for the quarter. Virginia National Bankshares had a net margin of 23.11% and a return on equity of 11.02%. The firm had revenue of $14.40 million during the quarter.

Hedge Funds Weigh In On Virginia National Bankshares

A number of institutional investors have recently made changes to their positions in VABK. BNP Paribas Financial Markets grew its position in shares of Virginia National Bankshares by 104.3% during the third quarter. BNP Paribas Financial Markets now owns 944 shares of the company’s stock worth $37,000 after buying an additional 482 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Virginia National Bankshares by 465.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,573 shares of the company’s stock worth $58,000 after acquiring an additional 1,295 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Virginia National Bankshares by 19.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,816 shares of the company’s stock worth $187,000 after purchasing an additional 787 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of Virginia National Bankshares in the 4th quarter worth about $204,000. Finally, Jane Street Group LLC acquired a new stake in shares of Virginia National Bankshares in the 1st quarter valued at about $227,000. 37.39% of the stock is owned by institutional investors and hedge funds.

About Virginia National Bankshares

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.