Meridian Financial Partners LLC Buys 38,588 Shares of Virginia National Bankshares Co. (NASDAQ:VABK)

Meridian Financial Partners LLC grew its stake in Virginia National Bankshares Co. (NASDAQ:VABK) by 32.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,306 shares of the company’s stock after buying an additional 38,588 shares during the quarter. Virginia National Bankshares accounts for about 3.3% of Meridian Financial Partners LLC’s investment portfolio, making the stock its 6th biggest holding. Meridian Financial Partners LLC owned about 2.93% of Virginia National Bankshares worth $6,552,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in VABK. Bank of New York Mellon Corp raised its position 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 valued at $442,000 after buying an additional 637 shares during the last quarter. Atlantic Union Bankshares Corp grew its stake in shares of Virginia National Bankshares by 5.9% during the 1st quarter. Atlantic Union Bankshares Corp now owns 14,902 shares of the company’s stock worth $449,000 after acquiring an additional 833 shares in the last quarter. Heritage Wealth Advisors raised its holdings in shares of Virginia National Bankshares by 4,424.9% in the first quarter. Heritage Wealth Advisors now owns 20,000 shares of the company’s stock valued at $602,000 after purchasing an additional 19,558 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Virginia National Bankshares by 88.5% during the second quarter. Renaissance Technologies LLC now owns 19,600 shares of the company’s stock worth $643,000 after purchasing an additional 9,200 shares during the last quarter. Finally, Raffles Associates LP grew its position in Virginia National Bankshares by 4.0% in the second quarter. Raffles Associates LP now owns 26,867 shares of the company’s stock valued at $881,000 after purchasing an additional 1,023 shares in the last quarter. Institutional investors own 37.39% of the company’s stock.

Virginia National Bankshares Trading Up 1.9 %

Shares of NASDAQ:VABK opened at $42.31 on Friday. The company’s 50-day moving average price is $39.39 and its two-hundred day moving average price is $34.02. Virginia National Bankshares Co. has a one year low of $24.06 and a one year high of $43.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $227.25 million, a PE ratio of 13.31 and a beta of 0.45.

Virginia National Bankshares (NASDAQ:VABK) last posted its quarterly earnings results on Friday, July 19th. The company reported $0.77 earnings per share for the quarter. Virginia National Bankshares had a return on equity of 10.50% and a net margin of 19.25%. The firm had revenue of $12.87 million for the quarter.

Virginia National Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date was Friday, September 6th. Virginia National Bankshares’s dividend payout ratio (DPR) is presently 41.51%.

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.