Short Interest in Virginia National Bankshares Co. (NASDAQ:VABK) Declines By 30.8%

Virginia National Bankshares Co. (NASDAQ:VABK) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 12,600 shares, a decrease of 30.8% from the November 15th total of 18,200 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,100 shares, the short-interest ratio is presently 1.6 days.

Virginia National Bankshares Price Performance

Shares of NASDAQ VABK traded up $0.22 during trading hours on Friday, reaching $42.32. 2,483 shares of the stock traded hands, compared to its average volume of 10,589. The company’s 50-day simple moving average is $41.29 and its two-hundred day simple moving average is $37.73. The company has a market capitalization of $227.30 million, a P/E ratio of 14.64 and a beta of 0.45. Virginia National Bankshares has a 52-week low of $24.06 and a 52-week high of $44.00. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32.

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

Virginia National Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Friday, December 6th. Virginia National Bankshares’s dividend payout ratio is 45.67%.

Institutional Investors Weigh In On Virginia National Bankshares

Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings 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 buying an additional 4,509 shares during the period. Bank of New York Mellon Corp increased its stake in shares of 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 acquiring an additional 637 shares in the last quarter. Renaissance Technologies LLC lifted its position in Virginia National Bankshares by 88.5% during the 2nd quarter. Renaissance Technologies LLC now owns 19,600 shares of the company’s stock valued at $643,000 after acquiring an additional 9,200 shares during the period. Raffles Associates LP boosted its stake in Virginia National Bankshares by 4.0% during the second quarter. Raffles Associates LP now owns 26,867 shares of the company’s stock worth $881,000 after acquiring an additional 1,023 shares in the last quarter. Finally, De Lisle Partners LLP grew its holdings in Virginia National Bankshares by 20.4% in the third quarter. De Lisle Partners LLP now owns 30,269 shares of the company’s stock worth $1,259,000 after purchasing an additional 5,119 shares during the period. Hedge funds and other institutional investors own 37.39% of the company’s stock.

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.