Virginia National Bankshares Corporation (VABK) to Issue Quarterly Dividend of $0.36 on February 27th

Virginia National Bankshares Corporation (NASDAQ:VABK) declared a quarterly dividend on Tuesday, January 27th. Stockholders of record on Friday, February 13th will be given a dividend of 0.36 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, February 13th.

Virginia National Bankshares Price Performance

Virginia National Bankshares stock traded up $1.06 during trading hours on Thursday, hitting $40.69. The stock had a trading volume of 4,466 shares, compared to its average volume of 5,422. The stock has a market capitalization of $219.32 million, a price-to-earnings ratio of 12.01 and a beta of 0.42. Virginia National Bankshares has a 1-year low of $34.12 and a 1-year high of $44.57. The stock’s fifty day moving average is $40.54 and its two-hundred day moving average is $39.61. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.91 and a quick ratio of 0.91.

Virginia National Bankshares (NASDAQ:VABK) last released its quarterly earnings results on Thursday, January 29th. The company reported $1.10 earnings per share (EPS) for the quarter. The firm had revenue of $13.43 million for the quarter. Virginia National Bankshares had a net margin of 21.37% and a return on equity of 10.58%.

Hedge Funds Weigh In On Virginia National Bankshares

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in shares of Virginia National Bankshares by 104.3% in the third quarter. BNP Paribas Financial Markets now owns 944 shares of the company’s stock worth $37,000 after purchasing an additional 482 shares during the last quarter. Tower Research Capital LLC TRC increased its stake 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 worth $58,000 after purchasing an additional 1,295 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Virginia National Bankshares by 19.5% during the third quarter. JPMorgan Chase & Co. now owns 4,816 shares of the company’s stock valued at $187,000 after purchasing an additional 787 shares during the period. Wealthcare Advisory Partners LLC purchased a new position in shares of Virginia National Bankshares in the fourth quarter worth $204,000. Finally, Jane Street Group LLC bought a new stake in Virginia National Bankshares during the 1st quarter valued at $227,000. 37.39% of the stock is currently 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.