Virginia National Bankshares Corporation (NASDAQ:VABK) Short Interest Up 15.8% in February

Virginia National Bankshares Corporation (NASDAQ:VABK) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 27,249 shares, an increase of 15.8% from the February 12th total of 23,537 shares. Based on an average daily trading volume, of 7,292 shares, the days-to-cover ratio is presently 3.7 days. Approximately 0.6% of the company’s shares are short sold. Approximately 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 7,292 shares, the days-to-cover ratio is presently 3.7 days.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Virginia National Bankshares from a “buy (b)” rating to a “hold (c)” rating in a report on Friday, January 30th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Virginia National Bankshares presently has an average rating of “Hold”.

Virginia National Bankshares Price Performance

Shares of VABK opened at $39.07 on Wednesday. Virginia National Bankshares has a 52-week low of $34.12 and a 52-week 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 business’s 50 day moving average price is $40.13 and its two-hundred day moving average price is $40.04. The firm has a market cap of $210.70 million, a PE ratio of 11.01 and a beta of 0.43.

Virginia National Bankshares (NASDAQ:VABK) last announced its quarterly earnings data on Thursday, January 29th. The company reported $1.10 EPS for the quarter. The company had revenue of $13.43 million during the quarter. Virginia National Bankshares had a net margin of 23.11% and a return on equity of 11.22%.

Virginia National Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.44 annualized dividend and a yield of 3.7%. Virginia National Bankshares’s dividend payout ratio is currently 40.56%.

Institutional Investors Weigh In On Virginia National Bankshares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in shares of Virginia National Bankshares during the first quarter valued at about $227,000. Geode Capital Management LLC grew 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 buying an additional 2,348 shares during the period. Fourthstone LLC grew its stake in shares of Virginia National Bankshares by 5.9% in the 2nd quarter. Fourthstone LLC now owns 8,874 shares of the company’s stock valued at $328,000 after buying an additional 494 shares during the period. Tower Research Capital LLC TRC increased its position in Virginia National Bankshares by 465.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,573 shares of the company’s stock valued at $58,000 after buying an additional 1,295 shares in the last quarter. Finally, Atlantic Union Bankshares Corp increased its position in Virginia National Bankshares by 1,526.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 242,309 shares of the company’s stock valued at $9,404,000 after buying an additional 227,407 shares in the last quarter. 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.