Virginia National Bankshares Co. (NASDAQ:VABK) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in Virginia National Bankshares Co. (NASDAQ:VABK) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 108,888 shares of the company’s stock after purchasing an additional 3,362 shares during the quarter. Geode Capital Management LLC owned about 2.03% of Virginia National Bankshares worth $4,536,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VABK. Endeavour Capital Advisors Inc. lifted 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 buying an additional 44,879 shares in the last quarter. State Street Corp lifted its stake in Virginia National Bankshares by 1.4% in the 3rd quarter. State Street Corp now owns 73,684 shares of the company’s stock worth $3,069,000 after purchasing an additional 1,005 shares in the last quarter. Meridian Financial Partners LLC boosted 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 during the last quarter. Bank of New York Mellon Corp grew its position in shares of Virginia National Bankshares by 5.0% in 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. Finally, Raffles Associates LP increased its holdings in shares of Virginia National Bankshares by 4.0% in the second quarter. Raffles Associates LP now owns 26,867 shares of the company’s stock valued at $881,000 after purchasing an additional 1,023 shares during the last quarter. Institutional investors and hedge funds own 37.39% of the company’s stock.

Virginia National Bankshares Stock Performance

NASDAQ VABK opened at $36.82 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89. The stock’s fifty day moving average is $40.86 and its two-hundred day moving average is $38.69. The firm has a market capitalization of $197.76 million, a P/E ratio of 12.74 and a beta of 0.45. Virginia National Bankshares Co. has a fifty-two week low of $24.06 and a fifty-two week high of $44.00.

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

Virginia National Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a $0.33 dividend. The ex-dividend date was Friday, December 6th. This represents a $1.32 dividend on an annualized basis and a yield of 3.59%. Virginia National Bankshares’s payout ratio is currently 45.67%.

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.