Virginia National Bankshares (NASDAQ:VABK) Shares Down 0.1% – Should You Sell?

Virginia National Bankshares Co. (NASDAQ:VABK) shares were down 0.1% during mid-day trading on Tuesday . The stock traded as low as $42.60 and last traded at $42.63. Approximately 3,926 shares traded hands during trading, a decline of 64% from the average daily volume of 10,912 shares. The stock had previously closed at $42.68.

Virginia National Bankshares Stock Performance

The stock has a market cap of $228.92 million, a price-to-earnings ratio of 14.75 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 50-day moving average is $40.97 and its 200-day moving average is $36.38.

Virginia National Bankshares (NASDAQ:VABK) last issued its quarterly earnings results on Thursday, October 17th. The company reported $0.85 earnings per share for the quarter. The company had revenue of $13.48 million for the quarter. Virginia National Bankshares had a return on equity of 9.96% and a net margin of 18.95%.

Virginia National Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Friday, December 6th. Virginia National Bankshares’s payout ratio is 45.67%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Virginia National Bankshares by 0.6% in the first quarter. Vanguard Group Inc. now owns 293,781 shares of the company’s stock valued at $8,843,000 after purchasing an additional 1,816 shares during the period. Meridian Financial Partners LLC purchased a new stake in shares of Virginia National Bankshares during the 2nd quarter valued at $3,894,000. Bank of New York Mellon Corp increased its holdings in shares of Virginia National Bankshares by 5.0% during 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. Dimensional Fund Advisors LP increased its holdings 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 worth $1,105,000 after buying an additional 1,049 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Virginia National Bankshares by 88.5% in the 2nd 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 period. Institutional investors and hedge funds own 37.39% of the company’s stock.

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.