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

Virginia National Bankshares Co. (NASDAQ:VABK) was the recipient of a significant 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. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 5,800 shares, the days-to-cover ratio is presently 2.1 days.

Virginia National Bankshares Price Performance

NASDAQ VABK opened at $36.55 on Monday. The company has a market cap of $196.31 million, a price-to-earnings ratio of 11.60 and a beta of 0.46. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89. The stock’s fifty day moving average price is $36.21 and its 200 day moving average price is $38.78. 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 announced its quarterly earnings data on Thursday, January 23rd. The company reported $0.85 earnings per share 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 declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Friday, March 14th. Virginia National Bankshares’s dividend payout ratio is presently 41.90%.

Institutional Trading of Virginia National Bankshares

Several institutional investors and hedge funds have recently bought and sold shares of VABK. Tower Research Capital LLC TRC raised its holdings in shares of Virginia National Bankshares by 527.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 960 shares of the company’s stock worth $37,000 after purchasing an additional 807 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Virginia National Bankshares by 34.2% during the 4th quarter. Bank of America Corp DE now owns 5,742 shares of the company’s stock valued at $219,000 after buying an additional 1,464 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Virginia National Bankshares by 122.0% in the 4th quarter. Deutsche Bank AG now owns 5,785 shares of the company’s stock valued at $221,000 after buying an additional 3,179 shares during the period. Envestnet Asset Management Inc. purchased a new stake in shares of Virginia National Bankshares in the fourth quarter worth about $223,000. Finally, Barclays PLC grew its holdings in Virginia National Bankshares by 277.1% during the third quarter. Barclays PLC now owns 6,136 shares of the company’s stock worth $256,000 after acquiring an additional 4,509 shares during the period. 37.39% of the stock is currently owned by institutional investors and hedge funds.

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.