Bank of New York Mellon Corp Boosts Stock Position in Virginia National Bankshares Co. (NASDAQ:VABK)

Bank of New York Mellon Corp raised its position in Virginia National Bankshares Co. (NASDAQ:VABK) by 22.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,995 shares of the company’s stock after purchasing an additional 2,163 shares during the period. Bank of New York Mellon Corp owned about 0.22% of Virginia National Bankshares worth $458,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC boosted its position in Virginia National Bankshares by 277.1% during the 3rd quarter. Barclays PLC now owns 6,136 shares of the company’s stock worth $256,000 after purchasing an additional 4,509 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Virginia National Bankshares by 135.8% during the third quarter. JPMorgan Chase & Co. now owns 7,060 shares of the company’s stock valued at $294,000 after acquiring an additional 4,066 shares in the last quarter. DAVENPORT & Co LLC purchased a new stake in shares of Virginia National Bankshares during the fourth quarter worth about $390,000. De Lisle Partners LLP boosted its holdings in Virginia National Bankshares by 20.4% in the third quarter. De Lisle Partners LLP now owns 30,269 shares of the company’s stock valued at $1,259,000 after purchasing an additional 5,119 shares during the last quarter. Finally, State Street Corp grew its stake in Virginia National Bankshares by 1.4% during the 3rd quarter. State Street Corp now owns 73,684 shares of the company’s stock valued at $3,069,000 after purchasing an additional 1,005 shares in the last quarter. 37.39% of the stock is currently owned by hedge funds and other institutional investors.

Virginia National Bankshares Price Performance

Shares of VABK stock opened at $37.45 on Friday. Virginia National Bankshares Co. has a 1-year low of $24.06 and a 1-year high of $44.00. 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 firm has a market cap of $201.14 million, a P/E ratio of 11.89 and a beta of 0.46. The firm has a fifty day moving average of $36.19 and a two-hundred day moving average of $38.81.

Virginia National Bankshares (NASDAQ:VABK) last released its quarterly earnings data on Thursday, January 23rd. The company reported $0.85 earnings per share for the quarter. Virginia National Bankshares had a net margin of 20.32% and a return on equity of 10.77%.

Virginia National Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.33 per share. The ex-dividend date is Friday, March 14th. This represents a $1.32 annualized dividend and a dividend yield of 3.52%. Virginia National Bankshares’s dividend payout ratio is currently 41.90%.

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.