Charles Schwab Investment Management Inc. Sells 550 Shares of Virginia National Bankshares Co. (NASDAQ:VABK)

Charles Schwab Investment Management Inc. lowered its holdings in Virginia National Bankshares Co. (NASDAQ:VABK) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,418 shares of the company’s stock after selling 550 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Virginia National Bankshares were worth $559,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of VABK. Endeavour Capital Advisors Inc. grew its position in Virginia National Bankshares by 22.0% in the second quarter. Endeavour Capital Advisors Inc. now owns 249,266 shares of the company’s stock worth $8,176,000 after acquiring an additional 44,879 shares in the last quarter. Meridian Financial Partners LLC lifted its stake in Virginia National Bankshares by 32.5% during the third quarter. Meridian Financial Partners LLC now owns 157,306 shares of the company’s stock worth $6,552,000 after purchasing an additional 38,588 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Virginia National Bankshares by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 13,483 shares of the company’s stock worth $442,000 after purchasing an additional 637 shares in the last quarter. Raffles Associates LP increased its position in shares of Virginia National Bankshares by 4.0% during the 2nd quarter. Raffles Associates LP now owns 26,867 shares of the company’s stock valued at $881,000 after purchasing an additional 1,023 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of 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 purchasing an additional 1,049 shares during the last quarter. Institutional investors own 37.39% of the company’s stock.

Virginia National Bankshares Stock Performance

NASDAQ VABK opened at $38.81 on Thursday. The firm has a market cap of $208.45 million, a price-to-earnings ratio of 13.43 and a beta of 0.45. The company has a 50-day simple moving average of $41.36 and a two-hundred day simple moving average of $38.01. 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 12-month low of $24.06 and a 12-month high of $44.00.

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

Virginia National Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Friday, December 6th. Virginia National Bankshares’s payout ratio is 45.67%.

Virginia National Bankshares 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.