Short Interest in Virginia National Bankshares Co. (NASDAQ:VABK) Declines By 28.9%

Virginia National Bankshares Co. (NASDAQ:VABK) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 11,800 shares, a decrease of 28.9% from the December 15th total of 16,600 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 7,600 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On Virginia National Bankshares

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC boosted its holdings in shares of Virginia National Bankshares by 277.1% in the third quarter. Barclays PLC now owns 6,136 shares of the company’s stock worth $256,000 after buying an additional 4,509 shares during the period. JPMorgan Chase & Co. boosted its stake in Virginia National Bankshares by 135.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,060 shares of the company’s stock worth $294,000 after purchasing an additional 4,066 shares during the period. Bank of New York Mellon Corp boosted its stake in Virginia National Bankshares by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 13,483 shares of the company’s stock worth $442,000 after purchasing an additional 637 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Virginia National Bankshares by 88.5% in the second quarter. Renaissance Technologies LLC now owns 19,600 shares of the company’s stock valued at $643,000 after purchasing an additional 9,200 shares in the last quarter. Finally, Raffles Associates LP raised its position in Virginia National Bankshares by 4.0% during the second quarter. Raffles Associates LP now owns 26,867 shares of the company’s stock valued at $881,000 after buying an additional 1,023 shares during the period. Institutional investors and hedge funds own 37.39% of the company’s stock.

Virginia National Bankshares Stock Performance

Shares of NASDAQ:VABK traded down $0.67 on Thursday, hitting $35.81. The company’s stock had a trading volume of 1,460 shares, compared to its average volume of 6,114. Virginia National Bankshares has a 12 month low of $24.06 and a 12 month high of $44.00. The stock’s 50-day moving average is $40.03 and its two-hundred day moving average is $38.89. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $192.30 million, a price-to-earnings ratio of 12.39 and a beta of 0.47.

Virginia National Bankshares (NASDAQ:VABK) last announced its earnings results on Thursday, October 17th. The company reported $0.85 EPS for the quarter. Virginia National Bankshares had a return on equity of 9.96% and a net margin of 18.95%. The firm had revenue of $13.48 million for the quarter.

Virginia National Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date was Friday, December 6th. Virginia National Bankshares’s payout ratio is 45.67%.

About Virginia National Bankshares

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.