Virginia National Bankshares (NASDAQ:VABK) Stock Price Down 0.5% – Should You Sell?

Virginia National Bankshares Corporation (NASDAQ:VABK) shares dropped 0.5% on Tuesday . The company traded as low as $38.45 and last traded at $39.48. Approximately 15,112 shares traded hands during mid-day trading, an increase of 56% from the average daily volume of 9,717 shares. The stock had previously closed at $39.69.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Virginia National Bankshares in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Virginia National Bankshares presently has a consensus rating of “Buy”.

Virginia National Bankshares Trading Down 0.5%

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.92 and a quick ratio of 0.92. The stock’s 50-day moving average is $39.66 and its two-hundred day moving average is $37.89. The stock has a market cap of $212.80 million, a P/E ratio of 11.93 and a beta of 0.42.

Virginia National Bankshares (NASDAQ:VABK) last issued its earnings results on Tuesday, June 28th. The company reported $0.94 earnings per share for the quarter. Virginia National Bankshares had a net margin of 21.39% and a return on equity of 10.78%. The firm had revenue of $16.98 million during the quarter.

Institutional Investors Weigh In On Virginia National Bankshares

A number of hedge funds have recently bought and sold shares of VABK. GAMMA Investing LLC purchased a new stake in Virginia National Bankshares during the first quarter valued at $27,000. Tower Research Capital LLC TRC raised its stake in Virginia National Bankshares by 465.8% during the second 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 in the last quarter. Jane Street Group LLC purchased a new stake in Virginia National Bankshares during the first quarter valued at $227,000. Fourthstone LLC raised its stake in Virginia National Bankshares by 5.9% during the second quarter. Fourthstone LLC now owns 8,874 shares of the company’s stock valued at $328,000 after purchasing an additional 494 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its stake in Virginia National Bankshares by 14.8% during the first quarter. DAVENPORT & Co LLC now owns 11,729 shares of the company’s stock valued at $423,000 after purchasing an additional 1,512 shares in the last quarter. Hedge funds and other institutional investors own 37.39% of the company’s stock.

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.