Virginia National Bankshares Co. (NASDAQ:VABK) Short Interest Down 28.9% in December

Virginia National Bankshares Co. (NASDAQ:VABK) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 11,800 shares, a drop of 28.9% from the December 15th total of 16,600 shares. Based on an average trading volume of 7,600 shares, the short-interest ratio is presently 1.6 days. Currently, 0.3% of the company’s stock are short sold.

Virginia National Bankshares Stock Down 1.8 %

NASDAQ:VABK traded down $0.67 during mid-day trading on Thursday, reaching $35.81. The stock had a trading volume of 1,460 shares, compared to its average volume of 6,114. The stock has a market cap of $192.30 million, a P/E ratio of 12.39 and a beta of 0.47. The business’s 50 day moving average is $40.03 and its 200 day moving average is $38.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89. Virginia National Bankshares has a fifty-two week low of $24.06 and a fifty-two week high of $44.00.

Virginia National Bankshares (NASDAQ:VABK) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.85 earnings per share 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 company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend was Friday, December 6th. Virginia National Bankshares’s dividend payout ratio (DPR) is 45.67%.

Institutional Trading of Virginia National Bankshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Endeavour Capital Advisors Inc. grew its stake in shares of 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 during the last quarter. Meridian Financial Partners LLC grew its holdings in shares of Virginia National Bankshares by 32.5% during the 3rd 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 in the last quarter. Renaissance Technologies LLC increased its position in shares of Virginia National Bankshares by 88.5% during the second quarter. Renaissance Technologies LLC now owns 19,600 shares of the company’s stock valued at $643,000 after purchasing an additional 9,200 shares during the period. De Lisle Partners LLP raised its stake in shares of Virginia National Bankshares by 20.4% in the third quarter. De Lisle Partners LLP now owns 30,269 shares of the company’s stock valued at $1,259,000 after purchasing an additional 5,119 shares in the last quarter. Finally, Barclays PLC lifted its position in Virginia National Bankshares by 277.1% in the third 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 period. Institutional investors and hedge funds own 37.39% of the company’s stock.

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.