The Manufacturers Life Insurance Company Sells 713 Shares of Virginia National Bankshares Co. (NASDAQ:VABK)

The Manufacturers Life Insurance Company lowered its position in shares of Virginia National Bankshares Co. (NASDAQ:VABK) by 0.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 220,218 shares of the company’s stock after selling 713 shares during the period. The Manufacturers Life Insurance Company owned about 4.10% of Virginia National Bankshares worth $7,223,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VABK. Bank of New York Mellon Corp boosted its stake in shares of Virginia National Bankshares by 5.0% during the second quarter. Bank of New York Mellon Corp now owns 13,483 shares of the company’s stock valued at $442,000 after purchasing an additional 637 shares in the last quarter. Atlantic Union Bankshares Corp boosted its position in Virginia National Bankshares by 5.9% during the 1st quarter. Atlantic Union Bankshares Corp now owns 14,902 shares of the company’s stock worth $449,000 after buying an additional 833 shares during the period. Raffles Associates LP boosted its position in Virginia National Bankshares by 4.0% during the 2nd quarter. Raffles Associates LP now owns 26,867 shares of the company’s stock worth $881,000 after buying an additional 1,023 shares during the period. Dimensional Fund Advisors LP grew its holdings in Virginia National Bankshares by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 33,702 shares of the company’s stock worth $1,105,000 after acquiring an additional 1,049 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Virginia National Bankshares by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 293,781 shares of the company’s stock valued at $8,843,000 after acquiring an additional 1,816 shares during the period. Institutional investors and hedge funds own 37.39% of the company’s stock.

Virginia National Bankshares Price Performance

Shares of NASDAQ:VABK opened at $41.24 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 0.86. Virginia National Bankshares Co. has a 52 week low of $24.06 and a 52 week high of $43.08. The firm has a market cap of $221.50 million, a PE ratio of 12.97 and a beta of 0.45. The firm’s fifty day moving average is $38.74 and its 200-day moving average is $33.36.

Virginia National Bankshares (NASDAQ:VABK) last announced its earnings results 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 announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Friday, September 6th. Virginia National Bankshares’s dividend payout ratio is presently 41.51%.

Virginia National Bankshares 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.