Virginia National Bankshares Corporation (NASDAQ:VABK) Declares Quarterly Dividend of $0.36

Virginia National Bankshares Corporation (NASDAQ:VABK) declared a quarterly dividend on Tuesday, January 27th. Shareholders of record on Friday, February 13th will be paid a dividend of 0.36 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, February 13th.

Virginia National Bankshares Price Performance

Shares of VABK stock traded up $1.06 during trading hours on Thursday, hitting $40.69. 4,466 shares of the company’s stock were exchanged, compared to its average volume of 5,893. Virginia National Bankshares has a 52 week low of $34.12 and a 52 week high of $44.57. The stock has a market cap of $219.32 million, a price-to-earnings ratio of 12.33 and a beta of 0.42. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s 50-day moving average is $40.54 and its 200-day moving average is $39.61.

Virginia National Bankshares (NASDAQ:VABK) last issued its quarterly earnings results on Thursday, January 29th. The company reported $1.10 earnings per share (EPS) for the quarter. The business had revenue of $13.43 million for the quarter. Virginia National Bankshares had a net margin of 21.37% and a return on equity of 10.58%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC bought a new stake in Virginia National Bankshares in the fourth quarter valued at about $1,815,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Virginia National Bankshares during the 4th quarter worth about $204,000. JPMorgan Chase & Co. grew its position in shares of Virginia National Bankshares by 19.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,816 shares of the company’s stock worth $187,000 after buying an additional 787 shares during the period. Citadel Advisors LLC increased its stake in shares of Virginia National Bankshares by 53.7% in the 3rd quarter. Citadel Advisors LLC now owns 16,428 shares of the company’s stock valued at $638,000 after acquiring an additional 5,741 shares during the last quarter. Finally, Fiduciary Trust Co acquired a new stake in shares of Virginia National Bankshares in the 3rd quarter valued at approximately $393,000. 37.39% of the stock is currently owned by institutional investors.

About Virginia National Bankshares

Virginia National Bankshares, Inc is a bank holding company headquartered in Virginia. Through its wholly owned subsidiary, Virginia National Bank, the company offers a full suite of commercial and consumer banking services across its regional footprint.

Its product lineup includes traditional deposit accounts such as checking, savings, money market and certificate of deposit offerings. On the lending side, Virginia National Bank provides commercial loans, business lines of credit, residential and commercial real estate mortgages, construction financing and consumer installment loans.