The Manufacturers Life Insurance Company Decreases Position in Virginia National Bankshares Co. (NASDAQ:VABK)

The Manufacturers Life Insurance Company lowered its position in Virginia National Bankshares Co. (NASDAQ:VABK) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 213,869 shares of the company’s stock after selling 6,349 shares during the quarter. The Manufacturers Life Insurance Company owned 3.98% of Virginia National Bankshares worth $8,908,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in VABK. Meridian Financial Partners LLC purchased a new position in Virginia National Bankshares during the 2nd quarter valued at about $3,894,000. Endeavour Capital Advisors Inc. increased its stake in shares of Virginia National Bankshares by 22.0% during the 2nd quarter. Endeavour Capital Advisors Inc. now owns 249,266 shares of the company’s stock worth $8,176,000 after purchasing an additional 44,879 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Virginia National Bankshares by 88.5% during the 2nd quarter. Renaissance Technologies LLC now owns 19,600 shares of the company’s stock worth $643,000 after purchasing an additional 9,200 shares during the last quarter. Vanguard Group Inc. lifted its stake in Virginia National Bankshares by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 293,781 shares of the company’s stock valued at $8,843,000 after buying an additional 1,816 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Virginia National Bankshares by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 33,702 shares of the company’s stock valued at $1,105,000 after buying an additional 1,049 shares during the last quarter. Institutional investors and hedge funds own 37.39% of the company’s stock.

Virginia National Bankshares Stock Performance

NASDAQ VABK opened at $41.74 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. Virginia National Bankshares Co. has a fifty-two week low of $24.06 and a fifty-two week high of $44.00. The business has a fifty day moving average of $41.15 and a 200-day moving average of $37.19. The stock has a market cap of $224.14 million, a price-to-earnings ratio of 14.44 and a beta of 0.45.

Virginia National Bankshares (NASDAQ:VABK) last announced its earnings results on Thursday, October 17th. The company reported $0.85 earnings per share for the quarter. Virginia National Bankshares had a net margin of 18.95% and a return on equity of 9.96%. The firm had revenue of $13.48 million during the quarter.

Virginia National Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.33 per share. The ex-dividend date is Friday, December 6th. This represents a $1.32 dividend on an annualized basis and a yield of 3.16%. Virginia National Bankshares’s dividend payout ratio (DPR) is currently 45.67%.

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.