De Lisle Partners LLP Makes New Investment in Virginia National Bankshares Corporation $VABK

Key Points

• De Lisle Partners LLP acquired 28,769 shares of Virginia National Bankshares, valued at approximately $1.27 million and representing about 0.53% of the company. Institutional investors collectively own 37.39% of the stock.
• Virginia National Bankshares reported quarterly revenue of $19.78 million and earnings of $1.65 per share, with a 28.18% net margin and 13.36% return on equity.
• The company declared a quarterly dividend of $0.36 per share, equivalent to $1.44 annually and a 3.1% yield. Analyst sentiment remains broadly neutral, with a consensus “Hold” rating despite one upgrade to “Buy.”

De Lisle Partners LLP purchased a new stake in shares of Virginia National Bankshares Corporation (NASDAQ:VABK - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 28,769 shares of the company's stock, valued at approximately $1,272,000. De Lisle Partners LLP owned about 0.53% of Virginia National Bankshares as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of VABK. BNP Paribas Financial Markets boosted its holdings in shares of Virginia National Bankshares by 104.3% during 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 during the period. Tower Research Capital LLC TRC raised 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 acquiring an additional 1,295 shares during the period. JPMorgan Chase & Co. raised 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 acquiring an additional 787 shares during the period. M3F Inc. acquired a new position in Virginia National Bankshares during the 1st quarter worth $220,000. Finally, Jane Street Group LLC acquired a new position in Virginia National Bankshares during the 1st quarter worth $227,000. Institutional investors own 37.39% of the company's stock.

Virginia National Bankshares Price Performance

NASDAQ:VABK opened at $46.68 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.93. Virginia National Bankshares Corporation has a one year low of $37.31 and a one year high of $50.00. The company has a fifty day moving average price of $45.59 and a 200 day moving average price of $42.57. The stock has a market cap of $253.47 million, a P/E ratio of 10.24 and a beta of 0.45.

Virginia National Bankshares (NASDAQ:VABK - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $1.65 earnings per share (EPS) for the quarter. Virginia National Bankshares had a net margin of 28.18% and a return on equity of 13.36%. The company had revenue of $19.78 million for the quarter.

Virginia National Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.44 dividend on an annualized basis and a yield of 3.1%. Virginia National Bankshares's dividend payout ratio (DPR) is 31.58%.

Wall Street Analyst Weigh In

VABK has been the subject of several research analyst reports. Wall Street Zen raised Virginia National Bankshares from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Virginia National Bankshares in a report on Friday, July 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold".

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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