Virginia National Bankshares Co. (NASDAQ:VABK) is Meridian Financial Partners LLC's 6th Largest Position

Meridian Financial Partners LLC boosted its position in shares of Virginia National Bankshares Co. (NASDAQ:VABK - Free Report) by 32.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 157,306 shares of the company's stock after acquiring an additional 38,588 shares during the period. Virginia National Bankshares comprises 3.3% of Meridian Financial Partners LLC's investment portfolio, making the stock its 6th biggest holding. Meridian Financial Partners LLC owned about 2.93% of Virginia National Bankshares worth $6,552,000 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 the company. Endeavour Capital Advisors Inc. boosted its stake in Virginia National Bankshares by 22.0% during the 2nd quarter. Endeavour Capital Advisors Inc. now owns 249,266 shares of the company's stock worth $8,176,000 after purchasing an additional 44,879 shares during the period. Heritage Wealth Advisors boosted its stake in Virginia National Bankshares by 4,424.9% during the 1st quarter. Heritage Wealth Advisors now owns 20,000 shares of the company's stock worth $602,000 after purchasing an additional 19,558 shares during the period. Renaissance Technologies LLC boosted its stake in Virginia National Bankshares by 88.5% during the 2nd quarter. Renaissance Technologies LLC now owns 19,600 shares of the company's stock worth $643,000 after purchasing an additional 9,200 shares during the period. Vanguard Group Inc. boosted its stake in Virginia National Bankshares by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 293,781 shares of the company's stock worth $8,843,000 after purchasing an additional 1,816 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Virginia National Bankshares by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 33,702 shares of the company's stock worth $1,105,000 after purchasing an additional 1,049 shares during the period. Institutional investors and hedge funds own 37.39% of the company's stock.

Virginia National Bankshares Stock Performance

NASDAQ:VABK traded up $0.78 during trading hours on Friday, reaching $42.31. 9,893 shares of the company's stock were exchanged, compared to its average volume of 11,222. Virginia National Bankshares Co. has a 1-year low of $24.06 and a 1-year high of $43.08. The firm has a market capitalization of $227.25 million, a price-to-earnings ratio of 13.31 and a beta of 0.45. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average of $39.39 and a 200 day moving average of $34.02.

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

Virginia National Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.12%. The ex-dividend date was Friday, September 6th. Virginia National Bankshares's dividend payout ratio (DPR) is presently 41.51%.

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.