Short Interest in Virginia National Bankshares Co. (NASDAQ:VABK) Decreases By 32.5%

Virginia National Bankshares Co. (NASDAQ:VABK - Get Free Report) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 39,500 shares, a decrease of 32.5% from the September 15th total of 58,500 shares. Based on an average daily volume of 8,900 shares, the days-to-cover ratio is currently 4.4 days. Currently, 0.8% of the shares of the company are sold short.

Institutional Trading of Virginia National Bankshares

Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its position 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 valued at $442,000 after purchasing an additional 637 shares during the period. Atlantic Union Bankshares Corp increased its position in shares of Virginia National Bankshares by 5.9% during the 1st quarter. Atlantic Union Bankshares Corp now owns 14,902 shares of the company's stock valued at $449,000 after purchasing an additional 833 shares during the period. Heritage Wealth Advisors increased its position in shares of Virginia National Bankshares by 4,424.9% during the 1st quarter. Heritage Wealth Advisors now owns 20,000 shares of the company's stock valued at $602,000 after purchasing an additional 19,558 shares during the period. Renaissance Technologies LLC increased its position in shares of Virginia National Bankshares by 88.5% during the 2nd quarter. Renaissance Technologies LLC now owns 19,600 shares of the company's stock valued at $643,000 after purchasing an additional 9,200 shares during the period. Finally, Raffles Associates LP increased its position in shares of Virginia National Bankshares by 4.0% during the 2nd 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 period. 37.39% of the stock is currently owned by institutional investors and hedge funds.

Virginia National Bankshares Stock Performance

Shares of Virginia National Bankshares stock traded up $0.13 on Friday, reaching $38.29. 10,871 shares of the company were exchanged, compared to its average volume of 9,158. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 0.86. The company's 50-day moving average is $38.81 and its two-hundred day moving average is $33.68. The firm has a market cap of $205.62 million, a price-to-earnings ratio of 13.20 and a beta of 0.45. Virginia National Bankshares has a 1-year low of $24.06 and a 1-year high of $43.08.

Virginia National Bankshares (NASDAQ:VABK - Get Free Report) last posted its earnings results on Friday, July 19th. The company reported $0.77 EPS for the quarter. Virginia National Bankshares had a return on equity of 10.50% and a net margin of 19.25%. The firm had revenue of $12.87 million for the quarter.

Virginia National Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.45%. The ex-dividend date was Friday, September 6th. Virginia National Bankshares's dividend payout ratio is currently 45.52%.

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.