Raffles Associates LP Acquires 1,023 Shares of Virginia National Bankshares Co. (NASDAQ:VABK)

Raffles Associates LP boosted its holdings in Virginia National Bankshares Co. (NASDAQ:VABK) by 4.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 26,867 shares of the company’s stock after purchasing an additional 1,023 shares during the quarter. Virginia National Bankshares makes up approximately 1.0% of Raffles Associates LP’s portfolio, making the stock its 26th largest holding. Raffles Associates LP’s holdings in Virginia National Bankshares were worth $881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position in shares of Virginia National Bankshares by 5.0% during the second quarter. Bank of New York Mellon Corp now owns 13,483 shares of the company’s stock worth $442,000 after acquiring an additional 637 shares during the last quarter. Atlantic Union Bankshares Corp lifted its stake in Virginia National Bankshares by 5.9% in the 1st quarter. Atlantic Union Bankshares Corp now owns 14,902 shares of the company’s stock worth $449,000 after purchasing an additional 833 shares in the last quarter. Heritage Wealth Advisors boosted its holdings in shares of Virginia National Bankshares by 4,424.9% during the 1st quarter. Heritage Wealth Advisors now owns 20,000 shares of the company’s stock valued at $602,000 after purchasing an additional 19,558 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Virginia National Bankshares by 88.5% during the second quarter. Renaissance Technologies LLC now owns 19,600 shares of the company’s stock valued at $643,000 after purchasing an additional 9,200 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Virginia National Bankshares by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 33,702 shares of the company’s stock worth $1,105,000 after purchasing an additional 1,049 shares during the last quarter. 37.39% of the stock is owned by hedge funds and other institutional investors.

Virginia National Bankshares Price Performance

Shares of Virginia National Bankshares stock opened at $41.15 on Tuesday. The firm has a market cap of $221.02 million, a PE ratio of 12.94 and a beta of 0.44. The stock has a 50 day moving average of $38.15 and a 200 day moving average of $32.63. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. Virginia National Bankshares Co. has a 12 month low of $24.06 and a 12 month high of $43.08.

Virginia National Bankshares (NASDAQ:VABK) last posted its earnings results on Friday, July 19th. The company reported $0.77 earnings per share for the quarter. Virginia National Bankshares had a net margin of 19.25% and a return on equity of 10.50%. The firm had revenue of $12.87 million during the quarter.

Virginia National Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend was Friday, September 6th. Virginia National Bankshares’s dividend payout ratio is 41.51%.

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.