Elizabeth Park Capital Advisors Ltd. Lowers Stock Holdings in Virginia National Bankshares Corporation $VABK

Key Points

• Elizabeth Park Capital Advisors Ltd. has reduced its stake in Virginia National Bankshares Corporation by 10.2%, owning 88,076 shares after selling 10,000 shares in the first quarter.
• Virginia National Bankshares recently declared a quarterly dividend of $0.36, with a dividend yield of 3.5% and a payout ratio of 43.50%.
• The stock has experienced a range between a one-year low of $33.66 and a high of $44.50, with its current market cap at $224.92 million.

Elizabeth Park Capital Advisors Ltd. trimmed its stake in Virginia National Bankshares Corporation (NASDAQ:VABK - Free Report) by 10.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,076 shares of the company's stock after selling 10,000 shares during the period. Virginia National Bankshares comprises 2.9% of Elizabeth Park Capital Advisors Ltd.'s holdings, making the stock its 11th biggest holding. Elizabeth Park Capital Advisors Ltd. owned about 1.63% of Virginia National Bankshares worth $3,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC boosted its position in Virginia National Bankshares by 14.8% in the 1st quarter. DAVENPORT & Co LLC now owns 11,729 shares of the company's stock valued at $423,000 after buying an additional 1,512 shares during the period. GAMMA Investing LLC purchased a new stake in Virginia National Bankshares in the 1st quarter valued at about $27,000. Bank of America Corp DE boosted its position in Virginia National Bankshares by 34.2% in the 4th quarter. Bank of America Corp DE now owns 5,742 shares of the company's stock valued at $219,000 after buying an additional 1,464 shares during the period. Deutsche Bank AG boosted its position in Virginia National Bankshares by 122.0% in the 4th quarter. Deutsche Bank AG now owns 5,785 shares of the company's stock valued at $221,000 after buying an additional 3,179 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Virginia National Bankshares by 13.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 38,563 shares of the company's stock valued at $1,473,000 after buying an additional 4,525 shares during the period. 37.39% of the stock is owned by hedge funds and other institutional investors.

Virginia National Bankshares Price Performance

Virginia National Bankshares stock opened at $41.73 on Wednesday. The stock has a market cap of $224.92 million, a price-to-earnings ratio of 12.61 and a beta of 0.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.92 and a quick ratio of 0.92. Virginia National Bankshares Corporation has a 1 year low of $33.66 and a 1 year high of $44.50. The firm has a 50-day moving average of $37.84 and a two-hundred day moving average of $36.92.

Virginia National Bankshares (NASDAQ:VABK - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.78 earnings per share for the quarter. Virginia National Bankshares had a net margin of 21.39% and a return on equity of 10.78%. The firm had revenue of $14.11 million during the quarter.

Virginia National Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, August 15th. Virginia National Bankshares's dividend payout ratio is presently 43.50%.

Virginia National Bankshares Profile

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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