Atlantic Union Bankshares Corp Has $9.40 Million Stock Holdings in Virginia National Bankshares Corporation $VABK

Atlantic Union Bankshares Corp grew its position in Virginia National Bankshares Corporation (NASDAQ:VABK) by 1,526.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 242,309 shares of the company’s stock after buying an additional 227,407 shares during the period. Atlantic Union Bankshares Corp owned 4.50% of Virginia National Bankshares worth $9,404,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in VABK. Tower Research Capital LLC TRC increased its position in Virginia National Bankshares by 465.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,573 shares of the company’s stock worth $58,000 after purchasing an additional 1,295 shares during the period. Jane Street Group LLC bought a new position in shares of Virginia National Bankshares in the 1st quarter valued at about $227,000. Fourthstone LLC boosted its stake in shares of Virginia National Bankshares by 5.9% in the 2nd quarter. Fourthstone LLC now owns 8,874 shares of the company’s stock valued at $328,000 after purchasing an additional 494 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of 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 buying an additional 2,348 shares during the period. Institutional investors and hedge funds own 37.39% of the company’s stock.

Virginia National Bankshares Trading Up 2.6%

Shares of NASDAQ VABK opened at $42.00 on Tuesday. Virginia National Bankshares Corporation has a twelve month low of $34.12 and a twelve month high of $44.57. The stock has a market cap of $226.51 million, a price-to-earnings ratio of 11.83 and a beta of 0.42. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.17. The company’s fifty day moving average is $40.64 and its 200-day moving average is $39.69.

Virginia National Bankshares (NASDAQ:VABK) last issued its quarterly earnings data on Thursday, January 29th. The company reported $1.10 EPS for the quarter. The business had revenue of $13.43 million for the quarter. Virginia National Bankshares had a return on equity of 11.22% and a net margin of 23.11%.

Virginia National Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.4%. Virginia National Bankshares’s dividend payout ratio (DPR) is currently 40.56%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Virginia National Bankshares from a “buy (b)” rating to a “hold (c)” rating in a research note on Friday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

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.