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 significant increase in short interest in March. As of March 15th, there was short interest totalling 11,900 shares, an increase of 29.3% from the February 28th total of 9,200 shares. Currently, 0.3% of the company's stock are sold short. Based on an average daily volume of 5,800 shares, the short-interest ratio is currently 2.1 days.

Institutional Trading of Virginia National Bankshares

Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its holdings in shares of Virginia National Bankshares by 527.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 960 shares of the company's stock worth $37,000 after purchasing an additional 807 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Virginia National Bankshares by 34.2% in 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 during the last quarter. Deutsche Bank AG raised its position in Virginia National Bankshares by 122.0% during the fourth quarter. Deutsche Bank AG now owns 5,785 shares of the company's stock valued at $221,000 after acquiring an additional 3,179 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in Virginia National Bankshares in the fourth quarter valued at approximately $223,000. Finally, Barclays PLC boosted its position 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 in the last quarter. 37.39% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Virginia National Bankshares Stock Down 2.0 %

Shares of VABK traded down $0.73 during midday trading on Thursday, hitting $36.07. 1,105 shares of the company's stock traded hands, compared to its average volume of 5,216. The firm's fifty day moving average is $36.26 and its 200-day moving average is $38.70. Virginia National Bankshares has a 1 year low of $24.06 and a 1 year high of $44.00. The stock has a market capitalization of $193.71 million, a price-to-earnings ratio of 11.45 and a beta of 0.46. 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 earnings results on Thursday, January 23rd. The company reported $0.85 EPS for the quarter. Virginia National Bankshares had a net margin of 20.32% and a return on equity of 10.77%.

Virginia National Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.33 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.32 annualized dividend and a yield of 3.66%. Virginia National Bankshares's dividend payout ratio (DPR) is presently 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.