Virginia National Bankshares Corporation (NASDAQ:VABK – Get Free Report) were down 0.5% during mid-day trading on Thursday . The stock traded as low as $42.71 and last traded at $42.71. Approximately 3,209 shares were traded during trading, a decline of 52% from the average daily volume of 6,656 shares. The stock had previously closed at $42.92.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Virginia National Bankshares in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Virginia National Bankshares currently has an average rating of “Hold”.
Read Our Latest Stock Report on Virginia National Bankshares
Virginia National Bankshares Trading Down 3.0%
Virginia National Bankshares (NASDAQ:VABK – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.97 earnings per share for the quarter. Virginia National Bankshares had a net margin of 24.15% and a return on equity of 11.15%. The firm had revenue of $14.40 million during the quarter.
Virginia National Bankshares Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Wednesday, May 13th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, May 13th. Virginia National Bankshares’s dividend payout ratio is 39.02%.
Hedge Funds Weigh In On Virginia National Bankshares
A number of institutional investors have recently added to or reduced their stakes in VABK. BNP Paribas Financial Markets lifted its holdings in Virginia National Bankshares by 104.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 944 shares of the company’s stock worth $37,000 after buying an additional 482 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Virginia National Bankshares by 465.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,573 shares of the company’s stock worth $58,000 after buying an additional 1,295 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Virginia National Bankshares by 19.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,816 shares of the company’s stock worth $187,000 after buying an additional 787 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new position in Virginia National Bankshares in the 4th quarter worth $204,000. Finally, M3F Inc. acquired a new position in Virginia National Bankshares in the 1st quarter worth $220,000. Institutional investors and hedge funds own 37.39% of the company’s stock.
Virginia National Bankshares Company Profile
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.
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