Virginia National Bankshares Co. (NASDAQ:VABK) Sees Large Increase in Short Interest

Virginia National Bankshares Co. (NASDAQ:VABK - Get Free Report) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 16,600 shares, a growth of 31.7% from the November 30th total of 12,600 shares. Based on an average daily trading volume, of 7,800 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Trading of Virginia National Bankshares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Endeavour Capital Advisors Inc. boosted its position in Virginia National Bankshares by 22.0% in 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 in the last quarter. Meridian Financial Partners LLC lifted its stake in shares of Virginia National Bankshares by 32.5% in the 3rd quarter. Meridian Financial Partners LLC now owns 157,306 shares of the company's stock valued at $6,552,000 after purchasing an additional 38,588 shares during the period. Renaissance Technologies LLC boosted its holdings in Virginia National Bankshares by 88.5% during the second quarter. Renaissance Technologies LLC now owns 19,600 shares of the company's stock worth $643,000 after buying an additional 9,200 shares in the last quarter. De Lisle Partners LLP grew its position in Virginia National Bankshares by 20.4% during the third quarter. De Lisle Partners LLP now owns 30,269 shares of the company's stock valued at $1,259,000 after buying an additional 5,119 shares during the period. Finally, Barclays PLC increased its holdings in Virginia National Bankshares by 277.1% in the third 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. 37.39% of the stock is owned by institutional investors and hedge funds.

Virginia National Bankshares Stock Performance

Shares of VABK stock traded down $0.63 during trading hours on Friday, hitting $38.35. The company's stock had a trading volume of 6,300 shares, compared to its average volume of 10,500. The stock has a market cap of $205.98 million, a PE ratio of 13.27 and a beta of 0.45. Virginia National Bankshares has a 12-month low of $24.06 and a 12-month high of $44.00. The company has a 50 day moving average of $41.20 and a 200 day moving average of $38.38. 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 posted its earnings results on Thursday, October 17th. The company reported $0.85 earnings per share (EPS) for the quarter. The company had revenue of $13.48 million during the quarter. Virginia National Bankshares had a net margin of 18.95% and a return on equity of 9.96%.

Virginia National Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.33 dividend. The ex-dividend date was Friday, December 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.44%. Virginia National Bankshares's payout ratio is 45.67%.

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.