Virginia National Bankshares Co. (NASDAQ:VABK) Short Interest Up 29.3% in March

Virginia National Bankshares Co. (NASDAQ:VABK) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 11,900 shares, an increase of 29.3% from the February 28th total of 9,200 shares. Based on an average daily trading volume, of 5,800 shares, the short-interest ratio is currently 2.1 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On Virginia National Bankshares

A number of hedge funds and other institutional investors have recently modified their holdings of VABK. Geode Capital Management LLC increased its stake in Virginia National Bankshares by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 108,888 shares of the company’s stock valued at $4,536,000 after purchasing an additional 3,362 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Virginia National Bankshares by 135.8% in the third quarter. JPMorgan Chase & Co. now owns 7,060 shares of the company’s stock valued at $294,000 after purchasing an additional 4,066 shares during the last quarter. State Street Corp increased its position in shares of Virginia National Bankshares by 1.4% in the third quarter. State Street Corp now owns 73,684 shares of the company’s stock valued at $3,069,000 after buying an additional 1,005 shares in the last quarter. Barclays PLC raised its stake in shares of 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 buying an additional 4,509 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Virginia National Bankshares by 22.0% in the 4th quarter. Bank of New York Mellon Corp now owns 11,995 shares of the company’s stock worth $458,000 after buying an additional 2,163 shares in the last quarter. 37.39% of the stock is currently owned by institutional investors and hedge funds.

Virginia National Bankshares Stock Up 0.8 %

Virginia National Bankshares stock opened at $36.36 on Wednesday. The stock’s 50 day moving average price is $36.23 and its 200 day moving average price is $38.71. Virginia National Bankshares has a 1-year low of $24.06 and a 1-year high of $44.00. The company has a market cap of $195.29 million, a PE ratio of 11.54 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.

Virginia National Bankshares (NASDAQ:VABK) last issued its earnings results on Thursday, January 23rd. The company reported $0.85 EPS 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 business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.33 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.32 dividend on an annualized basis and a yield of 3.63%. Virginia National Bankshares’s dividend payout ratio (DPR) is presently 41.90%.

About Virginia National Bankshares

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.