Virginia National Bankshares Co. (NASDAQ:VABK) Short Interest Up 29.3% in March

Virginia National Bankshares Co. (NASDAQ:VABK) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 11,900 shares, a growth of 29.3% from the February 28th total of 9,200 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 5,800 shares, the days-to-cover ratio is presently 2.1 days.

Virginia National Bankshares Price Performance

Shares of NASDAQ VABK opened at $36.55 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a fifty day moving average of $36.21 and a 200 day moving average of $38.78. The firm has a market cap of $196.31 million, a PE ratio of 11.60 and a beta of 0.46. Virginia National Bankshares has a one year low of $24.06 and a one year high of $44.00.

Virginia National Bankshares (NASDAQ:VABK) last released its earnings results on Thursday, January 23rd. The company reported $0.85 EPS for the quarter. Virginia National Bankshares had a net margin of 20.32% and a return on equity of 10.77%.

Virginia National Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.33 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.32 annualized dividend and a dividend yield of 3.61%. Virginia National Bankshares’s dividend payout ratio (DPR) is presently 41.90%.

Institutional Trading of Virginia National Bankshares

Several large investors have recently made changes to their positions in the company. Alliancebernstein L.P. lifted its holdings in Virginia National Bankshares by 19.9% in the 4th quarter. Alliancebernstein L.P. now owns 122,869 shares of the company’s stock valued at $4,694,000 after purchasing an additional 20,434 shares in the last quarter. DAVENPORT & Co LLC purchased a new position in shares of Virginia National Bankshares in the fourth quarter worth about $390,000. JPMorgan Chase & Co. boosted its position in Virginia National Bankshares by 122.6% during the fourth quarter. JPMorgan Chase & Co. now owns 15,715 shares of the company’s stock worth $600,000 after acquiring an additional 8,655 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Virginia National Bankshares by 2.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 219,830 shares of the company’s stock valued at $8,398,000 after acquiring an additional 5,961 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in Virginia National Bankshares in the 4th quarter valued at about $223,000. 37.39% of the stock is currently owned by hedge funds and other institutional investors.

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.