Virginia National Bankshares Corporation (VABK) to Distribute Quarterly Dividend of $0.36 on May 29th

Virginia National Bankshares Corporation (NASDAQ:VABK) announced a quarterly dividend on Wednesday, April 22nd. Investors of record on Wednesday, May 13th will be paid a dividend of 0.36 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Wednesday, May 13th.

Virginia National Bankshares Stock Performance

Shares of NASDAQ VABK opened at $41.43 on Friday. The company’s fifty day moving average price is $39.51 and its 200 day moving average price is $40.01. Virginia National Bankshares has a 1 year low of $34.81 and a 1 year high of $44.57. The company has a market capitalization of $224.55 million, a PE ratio of 11.67 and a beta of 0.42. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.91.

Virginia National Bankshares (NASDAQ:VABK) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.97 earnings per share (EPS) for the quarter. The business had revenue of $14.40 million for the quarter. Virginia National Bankshares had a net margin of 23.11% and a return on equity of 11.02%.

Hedge Funds Weigh In On Virginia National Bankshares

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its stake in shares of Virginia National Bankshares by 104.3% in the third 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 stake in shares of 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 buying an additional 1,295 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Virginia National Bankshares by 19.5% in the third 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 purchased a new position in shares of Virginia National Bankshares in the fourth quarter worth about $204,000. Finally, Jane Street Group LLC purchased a new position in shares of Virginia National Bankshares in the first quarter worth about $227,000. 37.39% of the stock is owned by hedge funds and other institutional investors.

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.