Virginia National Bankshares’ (VABK) “Buy (B-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their buy (b-) rating on shares of Virginia National Bankshares (NASDAQ:VABK) in a report released on Friday,Weiss Ratings reports.

Virginia National Bankshares Stock Up 2.1%

Shares of NASDAQ VABK opened at $40.24 on Friday. The stock has a market capitalization of $216.89 million, a P/E ratio of 12.19 and a beta of 0.42. Virginia National Bankshares has a one year low of $33.66 and a one year high of $44.57. The firm’s 50 day simple moving average is $39.70 and its two-hundred day simple moving average is $37.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.92 and a quick ratio of 0.92.

Virginia National Bankshares (NASDAQ:VABK) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.84 earnings per share for the quarter. Virginia National Bankshares had a net margin of 21.37% and a return on equity of 10.77%. The firm had revenue of $14.42 million during the quarter.

Virginia National Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a $0.36 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.44 annualized dividend and a dividend yield of 3.6%. Virginia National Bankshares’s payout ratio is currently 43.64%.

Hedge Funds Weigh In On Virginia National Bankshares

A number of large investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in Virginia National Bankshares by 2.1% in the second quarter. Geode Capital Management LLC now owns 112,804 shares of the company’s stock valued at $4,174,000 after purchasing an additional 2,348 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Virginia National Bankshares by 3.9% during the 1st quarter. Bank of New York Mellon Corp now owns 12,460 shares of the company’s stock valued at $450,000 after buying an additional 465 shares during the last quarter. DAVENPORT & Co LLC boosted its position in Virginia National Bankshares by 14.8% during the 1st quarter. DAVENPORT & Co LLC now owns 11,729 shares of the company’s stock valued at $423,000 after buying an additional 1,512 shares during the period. Fourthstone LLC grew its holdings in Virginia National Bankshares by 5.9% in the 2nd quarter. Fourthstone LLC now owns 8,874 shares of the company’s stock worth $328,000 after acquiring an additional 494 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of Virginia National Bankshares by 19.3% in the second quarter. Jane Street Group LLC now owns 7,492 shares of the company’s stock valued at $277,000 after acquiring an additional 1,212 shares during the period. 37.39% of the stock is owned by hedge funds and other institutional investors.

About Virginia National Bankshares

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.