North Star Investment Management Corp. bought a new stake in Virginia National Bankshares Corporation (NASDAQ:VABK – Free Report) during the first quarter, Holdings Channel reports. The fund bought 22,000 shares of the company’s stock, valued at approximately $840,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in Virginia National Bankshares during the first quarter worth about $227,000. Geode Capital Management LLC lifted its stake in shares of Virginia National Bankshares by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 112,804 shares of the company’s stock valued at $4,174,000 after purchasing an additional 2,348 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Virginia National Bankshares by 465.8% during the 2nd 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. JPMorgan Chase & Co. grew its holdings in shares of Virginia National Bankshares by 19.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,816 shares of the company’s stock worth $187,000 after purchasing an additional 787 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Virginia National Bankshares by 5.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 46,480 shares of the company’s stock worth $1,803,000 after purchasing an additional 2,196 shares in the last quarter. Institutional investors and hedge funds own 37.39% of the company’s stock.
Virginia National Bankshares Stock Performance
NASDAQ:VABK opened at $44.35 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $240.38 million, a price-to-earnings ratio of 12.02 and a beta of 0.47. The firm’s fifty day simple moving average is $43.07 and its 200 day simple moving average is $41.16. Virginia National Bankshares Corporation has a twelve month low of $36.60 and a twelve month high of $48.58.
Virginia National Bankshares Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Wednesday, May 13th. Virginia National Bankshares’s payout ratio is currently 39.02%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “hold (c)” rating on shares of Virginia National Bankshares in a report on Wednesday, April 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.
Check Out Our Latest Research Report on VABK
Virginia National Bankshares 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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