Virginia National Bankshares Co. (NASDAQ:VABK) Stake Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in shares of Virginia National Bankshares Co. (NASDAQ:VABK) by 22.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,995 shares of the company’s stock after purchasing an additional 2,163 shares during the period. Bank of New York Mellon Corp’s holdings in Virginia National Bankshares were worth $458,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC acquired a new stake in shares of Virginia National Bankshares in the fourth quarter valued at $390,000. JPMorgan Chase & Co. boosted its position in shares of Virginia National Bankshares by 135.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,060 shares of the company’s stock valued at $294,000 after purchasing an additional 4,066 shares in the last quarter. Barclays PLC grew its stake in shares of Virginia National Bankshares by 277.1% in the 3rd quarter. Barclays PLC now owns 6,136 shares of the company’s stock worth $256,000 after purchasing an additional 4,509 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Virginia National Bankshares by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 108,888 shares of the company’s stock worth $4,536,000 after purchasing an additional 3,362 shares in the last quarter. Finally, State Street Corp lifted its stake in Virginia National Bankshares by 1.4% during the third quarter. State Street Corp now owns 73,684 shares of the company’s stock valued at $3,069,000 after purchasing an additional 1,005 shares during the last quarter. 37.39% of the stock is currently owned by institutional investors and hedge funds.

Virginia National Bankshares Stock Performance

VABK opened at $37.45 on Friday. The business has a fifty day simple moving average of $36.19 and a 200-day simple moving average of $38.81. Virginia National Bankshares Co. has a fifty-two week low of $24.06 and a fifty-two week high of $44.00. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. The firm has a market cap of $201.14 million, a PE ratio of 11.89 and a beta of 0.46.

Virginia National Bankshares (NASDAQ:VABK) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.85 EPS for the quarter. Virginia National Bankshares had a return on equity of 10.77% and a net margin of 20.32%.

Virginia National Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Friday, March 14th. Virginia National Bankshares’s payout ratio is 41.90%.

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.