Virginia National Bankshares Co. (NASDAQ:VABK) Short Interest Up 29.3% in March

Virginia National Bankshares Co. (NASDAQ:VABK) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 11,900 shares, a growth of 29.3% from the February 28th total of 9,200 shares. Based on an average daily volume of 5,800 shares, the short-interest ratio is presently 2.1 days. Approximately 0.3% of the shares of the stock are sold short.

Virginia National Bankshares Price Performance

VABK stock opened at $36.36 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89. The stock’s 50 day moving average price is $36.23 and its 200 day moving average price is $38.71. The firm has a market cap of $195.29 million, a P/E ratio of 11.54 and a beta of 0.46. Virginia National Bankshares has a 1 year low of $24.06 and a 1 year high of $44.00.

Virginia National Bankshares (NASDAQ:VABK) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.85 earnings per share (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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.32 annualized dividend and a dividend yield of 3.63%. Virginia National Bankshares’s dividend payout ratio is currently 41.90%.

Hedge Funds Weigh In On Virginia National Bankshares

A number of institutional investors have recently modified their holdings of VABK. State Street Corp grew its position in shares of Virginia National Bankshares by 1.4% in 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 period. Barclays PLC boosted its stake in 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 buying an additional 4,509 shares during the last quarter. Geode Capital Management LLC grew its holdings in Virginia National Bankshares by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 108,888 shares of the company’s stock valued at $4,536,000 after buying an additional 3,362 shares during the period. JPMorgan Chase & Co. increased its stake 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 acquiring an additional 4,066 shares during the last quarter. Finally, DAVENPORT & Co LLC purchased a new position in shares of Virginia National Bankshares during the 4th quarter worth about $390,000. Institutional investors and hedge funds own 37.39% of the company’s stock.

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.