Virginia National Bankshares Co. (NASDAQ:VABK) Sees Significant Growth in Short Interest

Virginia National Bankshares Co. (NASDAQ:VABK) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 16,600 shares, a growth of 31.7% from the November 30th total of 12,600 shares. Based on an average daily volume of 7,800 shares, the short-interest ratio is currently 2.1 days. Currently, 0.4% of the shares of the stock are short sold.

Virginia National Bankshares Price Performance

Shares of NASDAQ VABK traded down $0.63 during trading hours on Friday, hitting $38.35. 6,300 shares of the stock were exchanged, compared to its average volume of 10,500. The company’s fifty day simple moving average is $41.20 and its two-hundred day simple moving average is $38.44. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89. Virginia National Bankshares has a 1-year low of $24.06 and a 1-year high of $44.00. The company has a market cap of $205.98 million, a PE ratio of 13.27 and a beta of 0.45.

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

Virginia National Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.33 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.32 dividend on an annualized basis and a yield of 3.44%. Virginia National Bankshares’s payout ratio is 45.67%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Endeavour Capital Advisors Inc. lifted its stake in shares of Virginia National Bankshares by 22.0% in the second quarter. Endeavour Capital Advisors Inc. now owns 249,266 shares of the company’s stock worth $8,176,000 after acquiring an additional 44,879 shares during the period. Meridian Financial Partners LLC increased its position in shares of Virginia National Bankshares by 32.5% during the third quarter. Meridian Financial Partners LLC now owns 157,306 shares of the company’s stock worth $6,552,000 after buying an additional 38,588 shares during the period. Bank of New York Mellon Corp lifted its holdings in Virginia National Bankshares by 5.0% in the second 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 period. Raffles Associates LP boosted its holdings in shares of Virginia National Bankshares by 4.0% during the 2nd quarter. Raffles Associates LP now owns 26,867 shares of the company’s stock worth $881,000 after buying an additional 1,023 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Virginia National Bankshares by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 33,702 shares of the company’s stock valued at $1,105,000 after acquiring an additional 1,049 shares during the period. 37.39% of the stock is owned by institutional investors and hedge funds.

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.