Virginia National Bankshares Co. (NASDAQ:VABK) Sees Significant Increase in Short Interest

by · The Markets Daily

Virginia National Bankshares Co. (NASDAQ:VABK – Get Free Report) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 16,600 shares, an increase of 31.7% from the November 30th total of 12,600 shares. Based on an average daily volume of 7,800 shares, the short-interest ratio is currently 2.1 days. Currently, 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On Virginia National Bankshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of Virginia National Bankshares by 277.1% in the third quarter. Barclays PLC now owns 6,136 shares of the company’s stock valued at $256,000 after purchasing an additional 4,509 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Virginia National Bankshares by 135.8% in the third quarter. JPMorgan Chase & Co. now owns 7,060 shares of the company’s stock worth $294,000 after acquiring an additional 4,066 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Virginia National Bankshares by 5.0% in the second quarter. Bank of New York Mellon Corp now owns 13,483 shares of the company’s stock valued at $442,000 after acquiring an additional 637 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Virginia National Bankshares by 88.5% in the second quarter. Renaissance Technologies LLC now owns 19,600 shares of the company’s stock valued at $643,000 after acquiring an additional 9,200 shares in the last quarter. Finally, Raffles Associates LP grew its stake in Virginia National Bankshares by 4.0% during the 2nd quarter. Raffles Associates LP now owns 26,867 shares of the company’s stock worth $881,000 after purchasing an additional 1,023 shares in the last quarter. 37.39% of the stock is currently owned by hedge funds and other institutional investors.

Virginia National Bankshares Trading Down 1.1 %

Shares of VABK traded down $0.44 during trading on Monday, reaching $37.91. 4,984 shares of the company traded hands, compared to its average volume of 10,474. The stock has a 50-day simple moving average of $41.20 and a 200-day simple moving average of $38.50. The stock has a market cap of $203.61 million, a PE ratio of 13.12 and a beta of 0.45. Virginia National Bankshares has a twelve month low of $24.06 and a twelve month high of $44.00. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.32.

Virginia National Bankshares (NASDAQ:VABK – Get Free Report) last posted its earnings results on Thursday, October 17th. The company reported $0.85 earnings per share for the quarter. Virginia National Bankshares had a net margin of 18.95% and a return on equity of 9.96%. The firm had revenue of $13.48 million during the quarter.

Virginia National Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.48%. The ex-dividend date was Friday, December 6th. Virginia National Bankshares’s payout ratio is 45.67%.

Virginia National Bankshares Company Profile

(Get Free Report)

Virginia National Bankshares Corporation operates as the holding company for Virginia National Bank that provides a range of commercial and retail banking services. The company operates through Bank, Sturman Wealth Advisors, VNB Trust and Estate Services, and Masonry Capital segments. It provides checking accounts, demand deposits, NOW accounts, money market deposit accounts, time deposits, certificates of deposit, individual retirement accounts, and other depository services.

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