Virginia National Bankshares Co. (NASDAQ:VABK) Short Interest Up 29.3% in March

Virginia National Bankshares Co. (NASDAQ:VABK - Get Free Report) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 11,900 shares, a growth of 29.3% from the February 28th total of 9,200 shares. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is currently 2.1 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On Virginia National Bankshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its stake in shares of Virginia National Bankshares by 527.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 960 shares of the company's stock worth $37,000 after acquiring an additional 807 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Virginia National Bankshares by 34.2% during the fourth quarter. Bank of America Corp DE now owns 5,742 shares of the company's stock worth $219,000 after buying an additional 1,464 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Virginia National Bankshares by 122.0% in the fourth quarter. Deutsche Bank AG now owns 5,785 shares of the company's stock worth $221,000 after buying an additional 3,179 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in Virginia National Bankshares during the fourth quarter worth about $223,000. Finally, Barclays PLC grew its stake in Virginia National Bankshares by 277.1% during the 3rd quarter. Barclays PLC now owns 6,136 shares of the company's stock valued at $256,000 after acquiring an additional 4,509 shares in the last quarter. Hedge funds and other institutional investors own 37.39% of the company's stock.

Virginia National Bankshares Stock Performance

Shares of NASDAQ:VABK traded down $0.32 during trading on Friday, hitting $35.30. 5,592 shares of the stock traded hands, compared to its average volume of 10,076. The company has a fifty day moving average price of $36.24 and a two-hundred day moving average price of $38.64. Virginia National Bankshares has a 52-week low of $24.06 and a 52-week high of $44.00. The company has a market cap of $190.34 million, a price-to-earnings ratio of 11.21 and a beta of 0.45. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32.

Virginia National Bankshares (NASDAQ:VABK - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.85 earnings per share for the quarter. Virginia National Bankshares had a net margin of 20.32% and a return on equity of 10.77%.

Virginia National Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend was Friday, March 14th. Virginia National Bankshares's payout ratio is currently 41.90%.

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.