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

Virginia National Bankshares (NASDAQ:VABK) released its earnings results on Thursday. The company reported $1.65 EPS for the quarter, Zacks reports. The business had revenue of $19.78 million during the quarter. Virginia National Bankshares had a return on equity of 11.15% and a net margin of 24.15%.

Virginia National Bankshares Stock Down 0.8%

Shares of NASDAQ:VABK opened at $44.15 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.92 and a current ratio of 0.92. Virginia National Bankshares has a 52-week low of $36.60 and a 52-week high of $48.76. The business’s 50 day simple moving average is $43.97 and its two-hundred day simple moving average is $41.63. The firm has a market cap of $239.29 million, a P/E ratio of 11.96 and a beta of 0.45.

Virginia National Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, August 14th. Virginia National Bankshares’s dividend payout ratio is 39.02%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Virginia National Bankshares in a research note on Wednesday, April 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Hedge Funds Weigh In On Virginia National Bankshares

Large investors have recently modified their holdings of the company. Cerity Partners LLC grew its position in Virginia National Bankshares by 0.8% in the 4th quarter. Cerity Partners LLC now owns 49,275 shares of the company’s stock worth $1,964,000 after purchasing an additional 404 shares in the last quarter. State Street Corp lifted its position in shares of Virginia National Bankshares by 0.5% during the 4th quarter. State Street Corp now owns 80,375 shares of the company’s stock worth $3,203,000 after buying an additional 435 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Virginia National Bankshares by 104.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 944 shares of the company’s stock worth $37,000 after buying an additional 482 shares during the last quarter. Barclays PLC boosted its stake in shares of Virginia National Bankshares by 10.6% in the 4th quarter. Barclays PLC now owns 7,415 shares of the company’s stock worth $295,000 after buying an additional 710 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Virginia National Bankshares by 19.5% in the third quarter. JPMorgan Chase & Co. now owns 4,816 shares of the company’s stock valued at $187,000 after acquiring an additional 787 shares in the last quarter. 37.39% of the stock is currently owned by institutional investors.

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.