Royce & Associates LP Has $1.98 Million Stake in Virginia National Bankshares Co. (NASDAQ:VABK)

Royce & Associates LP reduced its position in shares of Virginia National Bankshares Co. (NASDAQ:VABK - Free Report) by 42.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,718 shares of the company's stock after selling 38,192 shares during the period. Royce & Associates LP owned approximately 0.96% of Virginia National Bankshares worth $1,976,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of VABK. DAVENPORT & Co LLC acquired a new stake in Virginia National Bankshares in the fourth quarter valued at about $390,000. De Lisle Partners LLP lifted its holdings in shares of Virginia National Bankshares by 20.4% in the third quarter. De Lisle Partners LLP now owns 30,269 shares of the company's stock worth $1,259,000 after acquiring an additional 5,119 shares during the last quarter. Barclays PLC boosted its stake in shares of 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 purchasing an additional 4,509 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Virginia National Bankshares by 135.8% during the 3rd 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. Finally, Geode Capital Management LLC increased its position in Virginia National Bankshares by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 108,888 shares of the company's stock worth $4,536,000 after purchasing an additional 3,362 shares in the last quarter. Institutional investors and hedge funds own 37.39% of the company's stock.

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Virginia National Bankshares Price Performance

Virginia National Bankshares stock traded up $0.03 during mid-day trading on Tuesday, reaching $35.95. The company had a trading volume of 1,997 shares, compared to its average volume of 9,809. The business has a fifty day simple moving average of $36.15 and a 200 day simple moving average of $38.87. The company has a market cap of $193.09 million, a P/E ratio of 11.41 and a beta of 0.46. Virginia National Bankshares Co. has a fifty-two week low of $24.06 and a fifty-two week high of $44.00. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32.

Virginia National Bankshares (NASDAQ:VABK - Get Free Report) 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 return on equity of 10.77% and a net margin of 20.32%.

Virginia National Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Friday, March 14th. Virginia National Bankshares's dividend payout ratio is currently 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.