Shares of Virginia National Bankshares Corporation (NASDAQ:VABK – Free Report) are scheduled to split before the market opens on Friday, November 20th. The 1.08-1 split was recently announced. The newly created shares will be distributed to shareholders after the closing bell on Thursday, November 19th.
Virginia National Bankshares Price Performance
VABK traded up $0.30 during trading on Wednesday, reaching $53.61. The company’s stock had a trading volume of 11,998 shares, compared to its average volume of 8,899. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $49.32 and a two-hundred day simple moving average of $44.36. Virginia National Bankshares has a 1 year low of $37.35 and a 1 year high of $55.00. The company has a market cap of $291.10 million, a price-to-earnings ratio of 10.90 and a beta of 0.46.
Virginia National Bankshares (NASDAQ:VABK – Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported $1.20 earnings per share for the quarter. The business had revenue of $16.22 million for the quarter. Virginia National Bankshares had a return on equity of 14.21% and a net margin of 29.92%.
Virginia National Bankshares Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a $0.38 dividend. This is a boost from Virginia National Bankshares’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, December 1st. Virginia National Bankshares’s payout ratio is 29.27%.
Analysts Set New Price Targets
A number of equities analysts recently commented on VABK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Virginia National Bankshares in a research report on Thursday, October 22nd. Wall Street Zen upgraded Virginia National Bankshares from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Virginia National Bankshares presently has a consensus rating of “Hold”.
View Our Latest Research Report on Virginia National Bankshares
Hedge Funds Weigh In On Virginia National Bankshares
A number of institutional investors have recently bought and sold shares of VABK. Dimensional Fund Advisors LP raised its stake in Virginia National Bankshares by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 51,463 shares of the company’s stock worth $1,967,000 after purchasing an additional 1,402 shares during the period. Royce & Associates LP boosted its holdings in Virginia National Bankshares by 83.9% in the 3rd quarter. Royce & Associates LP now owns 49,125 shares of the company’s stock valued at $2,341,000 after purchasing an additional 22,407 shares during the last quarter. De Lisle Partners LLP purchased a new stake in shares of Virginia National Bankshares in the 2nd quarter valued at approximately $1,272,000. Bank of New York Mellon Corp purchased a new stake in shares of Virginia National Bankshares in the 2nd quarter valued at approximately $699,000. Finally, Empowered Funds LLC grew its stake in shares of Virginia National Bankshares by 4.7% in the 1st quarter. Empowered Funds LLC now owns 6,780 shares of the company’s stock valued at $259,000 after buying an additional 304 shares during the period. 37.39% of the stock is owned by hedge funds and other institutional investors.
Virginia National Bankshares Company Profile
Virginia National Bankshares Corp. is a bank holding company headquartered in Charlottesville, Virginia. It operates through its principal subsidiary, Virginia National Bank, a community bank serving individuals, families, businesses and organizations in Virginia. Virginia National Bank provides a range of financial services, including checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, business loans and treasury management services.
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