Raffles Associates LP Grows Stock Holdings in Virginia National Bankshares Co. (NASDAQ:VABK)

Raffles Associates LP increased its stake in Virginia National Bankshares Co. (NASDAQ:VABK) by 4.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,867 shares of the company’s stock after purchasing an additional 1,023 shares during the quarter. Virginia National Bankshares accounts for 1.0% of Raffles Associates LP’s portfolio, making the stock its 26th largest position. Raffles Associates LP owned about 0.50% of Virginia National Bankshares worth $881,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in shares of Virginia National Bankshares by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 13,483 shares of the company’s stock worth $442,000 after buying an additional 637 shares during the last quarter. Atlantic Union Bankshares Corp grew its stake in shares of Virginia National Bankshares by 5.9% during the 1st quarter. Atlantic Union Bankshares Corp now owns 14,902 shares of the company’s stock valued at $449,000 after purchasing an additional 833 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Virginia National Bankshares by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 33,702 shares of the company’s stock valued at $1,105,000 after purchasing an additional 1,049 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Virginia National Bankshares by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 293,781 shares of the company’s stock worth $8,843,000 after purchasing an additional 1,816 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Virginia National Bankshares by 88.5% in the second quarter. Renaissance Technologies LLC now owns 19,600 shares of the company’s stock worth $643,000 after buying an additional 9,200 shares during the last quarter. Institutional investors own 37.39% of the company’s stock.

Virginia National Bankshares Price Performance

VABK opened at $41.15 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $221.02 million, a PE ratio of 12.94 and a beta of 0.44. Virginia National Bankshares Co. has a 1-year low of $24.06 and a 1-year high of $43.08. The firm’s 50 day simple moving average is $38.15 and its two-hundred day simple moving average is $32.63.

Virginia National Bankshares (NASDAQ:VABK) last posted its quarterly earnings data on Friday, July 19th. The company reported $0.77 EPS for the quarter. The firm had revenue of $12.87 million for the quarter. Virginia National Bankshares had a return on equity of 10.50% and a net margin of 19.25%.

Virginia National Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were given a $0.33 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.21%. Virginia National Bankshares’s payout ratio is currently 41.51%.

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.