Virginia National Bankshares Co. (NASDAQ:VABK) Short Interest Down 28.9% in December

Virginia National Bankshares Co. (NASDAQ:VABK - Get Free Report) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 11,800 shares, a drop of 28.9% from the December 15th total of 16,600 shares. Based on an average daily trading volume, of 7,600 shares, the short-interest ratio is currently 1.6 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC raised its holdings in Virginia National Bankshares by 277.1% in the 3rd quarter. Barclays PLC now owns 6,136 shares of the company's stock worth $256,000 after purchasing an additional 4,509 shares during the period. JPMorgan Chase & Co. increased its position in Virginia National Bankshares by 135.8% in the third quarter. JPMorgan Chase & Co. now owns 7,060 shares of the company's stock worth $294,000 after buying an additional 4,066 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Virginia National Bankshares by 5.0% in the second quarter. Bank of New York Mellon Corp now owns 13,483 shares of the company's stock worth $442,000 after buying an additional 637 shares during the period. Renaissance Technologies LLC lifted 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 buying an additional 9,200 shares in the last quarter. Finally, Raffles Associates LP grew its stake 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 acquiring an additional 1,023 shares during the period. Hedge funds and other institutional investors own 37.39% of the company's stock.

Virginia National Bankshares Stock Performance

Virginia National Bankshares stock traded up $0.51 during mid-day trading on Wednesday, reaching $36.48. 6,091 shares of the stock traded hands, compared to its average volume of 6,732. Virginia National Bankshares has a 12-month low of $24.06 and a 12-month high of $44.00. The business's 50-day moving average is $40.03 and its 200-day moving average is $38.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $195.93 million, a PE ratio of 12.62 and a beta of 0.47.

Virginia National Bankshares (NASDAQ:VABK - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The company reported $0.85 EPS for the quarter. Virginia National Bankshares had a net margin of 18.95% and a return on equity of 9.96%. The firm had revenue of $13.48 million during the quarter.

Virginia National Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a $0.33 dividend. The ex-dividend date was Friday, December 6th. This represents a $1.32 annualized dividend and a yield of 3.62%. Virginia National Bankshares's payout ratio is presently 45.67%.

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.