Virginia National Bankshares Corporation (VABK) to Issue Quarterly Dividend of $0.36 on August 28th

Virginia National Bankshares Corporation (NASDAQ:VABK) announced a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Friday, August 14th will be given a dividend of 0.36 per share on Friday, August 28th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, August 14th.

Virginia National Bankshares Stock Performance

Shares of NASDAQ VABK traded up $0.42 during midday trading on Friday, reaching $44.58. 2,645 shares of the stock were exchanged, compared to its average volume of 7,975. Virginia National Bankshares has a twelve month low of $36.60 and a twelve month high of $48.76. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.11. The firm has a 50-day simple moving average of $43.97 and a two-hundred day simple moving average of $41.63. The firm has a market cap of $241.60 million, a price-to-earnings ratio of 12.08 and a beta of 0.45.

Virginia National Bankshares (NASDAQ:VABK) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.65 earnings per share for the quarter. Virginia National Bankshares had a return on equity of 11.15% and a net margin of 24.15%.The firm had revenue of $19.78 million during the quarter.

Institutional Investors Weigh In On Virginia National Bankshares

Several large investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in shares of Virginia National Bankshares in the 1st quarter valued at about $227,000. Geode Capital Management LLC increased its stake in Virginia National Bankshares by 2.1% in the second quarter. Geode Capital Management LLC now owns 112,804 shares of the company’s stock valued at $4,174,000 after purchasing an additional 2,348 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Virginia National Bankshares by 465.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,573 shares of the company’s stock valued at $58,000 after buying an additional 1,295 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Virginia National Bankshares by 19.5% during the third quarter. JPMorgan Chase & Co. now owns 4,816 shares of the company’s stock worth $187,000 after buying an additional 787 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Virginia National Bankshares by 5.0% during the third quarter. Dimensional Fund Advisors LP now owns 46,480 shares of the company’s stock worth $1,803,000 after buying an additional 2,196 shares during the last quarter. Hedge funds and other institutional investors own 37.39% of the company’s stock.

Virginia National Bankshares Company Profile

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.