Alliancebernstein L.P. Grows Position in Virginia National Bankshares Co. (NASDAQ:VABK)

Alliancebernstein L.P. raised its stake in Virginia National Bankshares Co. (NASDAQ:VABK - Free Report) by 19.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 122,869 shares of the company's stock after purchasing an additional 20,434 shares during the period. Alliancebernstein L.P. owned 2.29% of Virginia National Bankshares worth $4,694,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its position in Virginia National Bankshares by 277.1% in the 3rd quarter. Barclays PLC now owns 6,136 shares of the company's stock valued at $256,000 after buying an additional 4,509 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of 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 buying an additional 4,066 shares in the last quarter. DAVENPORT & Co LLC acquired a new position in shares of Virginia National Bankshares during the fourth quarter valued at about $390,000. Bank of New York Mellon Corp increased its position in shares of Virginia National Bankshares by 22.0% during the fourth quarter. Bank of New York Mellon Corp now owns 11,995 shares of the company's stock worth $458,000 after acquiring an additional 2,163 shares in the last quarter. Finally, State Street Corp lifted its position in Virginia National Bankshares by 1.4% in the 3rd quarter. State Street Corp now owns 73,684 shares of the company's stock valued at $3,069,000 after acquiring an additional 1,005 shares in the last quarter. Institutional investors and hedge funds own 37.39% of the company's stock.

Virginia National Bankshares Stock Down 0.6 %

VABK traded down $0.20 during midday trading on Friday, reaching $34.62. 6,321 shares of the company were exchanged, compared to its average volume of 9,413. 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 company's fifty day moving average price is $36.03 and its 200 day moving average price is $38.23. Virginia National Bankshares Co. has a one year low of $24.06 and a one year high of $44.00. The company has a market cap of $186.67 million, a price-to-earnings ratio of 10.99 and a beta of 0.45.

Virginia National Bankshares (NASDAQ:VABK - Get Free Report) last released its quarterly earnings results 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.33 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.32 annualized dividend and a yield of 3.81%. Virginia National Bankshares's payout ratio is 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.