Virginia National Bankshares (NASDAQ:VABK) Announces Earnings Results

Virginia National Bankshares (NASDAQ:VABK) issued its quarterly earnings data on Thursday. The company reported $1.10 earnings per share (EPS) for the quarter, FiscalAI reports. Virginia National Bankshares had a net margin of 23.11% and a return on equity of 11.22%. The company had revenue of $13.43 million during the quarter.

Virginia National Bankshares Stock Performance

NASDAQ:VABK traded up $0.23 during mid-day trading on Friday, hitting $40.92. The stock had a trading volume of 6,606 shares, compared to its average volume of 5,645. Virginia National Bankshares has a twelve month low of $34.12 and a twelve month high of $44.57. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $220.68 million, a price-to-earnings ratio of 11.53 and a beta of 0.42. The company’s 50 day simple moving average is $40.58 and its 200 day simple moving average is $39.63.

Virginia National Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a $0.36 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.44 dividend on an annualized basis and a yield of 3.5%. Virginia National Bankshares’s dividend payout ratio (DPR) is currently 40.56%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Virginia National Bankshares in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

Hedge Funds Weigh In On Virginia National Bankshares

Large investors have recently modified their holdings of the stock. Endeavour Capital Advisors Inc. increased its stake in shares of Virginia National Bankshares by 3.9% during the third quarter. Endeavour Capital Advisors Inc. now owns 260,784 shares of the company’s stock worth $10,121,000 after purchasing an additional 9,862 shares during the period. Atlantic Union Bankshares Corp increased its stake in Virginia National Bankshares by 1,526.0% in the third quarter. Atlantic Union Bankshares Corp now owns 242,309 shares of the company’s stock valued at $9,404,000 after acquiring an additional 227,407 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Virginia National Bankshares by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 112,804 shares of the company’s stock valued at $4,174,000 after purchasing an additional 2,348 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Virginia National Bankshares by 5.0% during the third quarter. Dimensional Fund Advisors LP now owns 46,480 shares of the company’s stock worth $1,803,000 after acquiring an additional 2,196 shares in the last quarter. Finally, Farther Finance Advisors LLC acquired a new position in Virginia National Bankshares during the 4th quarter worth approximately $1,815,000. 37.39% of the stock is owned by institutional investors.

About Virginia National Bankshares

Virginia National Bankshares, Inc is a bank holding company headquartered in Virginia. Through its wholly owned subsidiary, Virginia National Bank, the company offers a full suite of commercial and consumer banking services across its regional footprint.

Its product lineup includes traditional deposit accounts such as checking, savings, money market and certificate of deposit offerings. On the lending side, Virginia National Bank provides commercial loans, business lines of credit, residential and commercial real estate mortgages, construction financing and consumer installment loans.