Virginia National Bankshares (NASDAQ:VABK) Releases Earnings Results

Virginia National Bankshares (NASDAQ:VABK) released its earnings results on Thursday. The company reported $1.20 earnings per share (EPS) for the quarter, Zacks reports. Virginia National Bankshares had a return on equity of 13.36% and a net margin of 28.18%.

Virginia National Bankshares Stock Performance

NASDAQ VABK traded up $2.50 during trading on Thursday, reaching $51.19. 13,705 shares of the company’s stock were exchanged, compared to its average volume of 8,038. The business has a 50 day moving average price of $48.08 and a 200-day moving average price of $43.72. The stock has a market capitalization of $277.96 million, a P/E ratio of 11.23 and a beta of 0.44. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.93. Virginia National Bankshares has a fifty-two week low of $37.35 and a fifty-two week high of $52.69.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VABK shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Virginia National Bankshares in a research report on Thursday, October 22nd. Wall Street Zen raised Virginia National Bankshares from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the stock presently has an average rating of “Hold”.

Virginia National Bankshares Company Profile

Virginia National Bankshares Corp. is a bank holding company headquartered in Charlottesville, Virginia. It operates through its principal subsidiary, Virginia National Bank, a community bank serving individuals, families, businesses and organizations in Virginia.

Virginia National Bank provides a range of financial services, including checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, business loans and treasury management services.