Virginia National Bankshares (NASDAQ:VABK) Releases Quarterly Earnings Results

Virginia National Bankshares (NASDAQ:VABK) issued its quarterly earnings results on Thursday. The company reported $1.65 earnings per share for the quarter, Zacks reports. Virginia National Bankshares had a return on equity of 11.15% and a net margin of 24.15%.The firm had revenue of $19.78 million during the quarter.

Virginia National Bankshares Price Performance

Virginia National Bankshares stock traded down $0.19 during mid-day trading on Thursday, reaching $44.30. The company had a trading volume of 7,532 shares, compared to its average volume of 8,024. The company has a market capitalization of $240.11 million, a P/E ratio of 12.01 and a beta of 0.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.92 and a quick ratio of 0.92. The stock’s 50-day simple moving average is $43.94 and its 200-day simple moving average is $41.59. Virginia National Bankshares has a 1 year low of $36.60 and a 1 year high of $48.76.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Virginia National Bankshares in a research note on Wednesday, April 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Hedge Funds Weigh In On Virginia National Bankshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in Virginia National Bankshares during the 1st quarter valued at $227,000. Geode Capital Management LLC increased its position in Virginia National Bankshares by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 112,804 shares of the company’s stock worth $4,174,000 after purchasing an additional 2,348 shares in the last quarter. Tower Research Capital LLC TRC raised 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 valued at $58,000 after purchasing an additional 1,295 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Virginia National Bankshares by 19.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,816 shares of the company’s stock valued at $187,000 after purchasing an additional 787 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Virginia National Bankshares by 5.0% during the third quarter. Dimensional Fund Advisors LP now owns 46,480 shares of the company’s stock worth $1,803,000 after buying an additional 2,196 shares in the last quarter. Institutional investors and hedge funds own 37.39% of the company’s stock.

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.