Virginia National Bankshares Corporation $VABK Shares Sold by Elizabeth Park Capital Advisors Ltd.

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. cut its holdings in shares of Virginia National Bankshares Corporation (NASDAQ:VABK - Free Report) by 10.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,076 shares of the company's stock after selling 10,000 shares during the period. Virginia National Bankshares accounts for about 2.9% of Elizabeth Park Capital Advisors Ltd.'s holdings, making the stock its 11th biggest position. Elizabeth Park Capital Advisors Ltd. owned approximately 1.63% of Virginia National Bankshares worth $3,178,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of VABK. GAMMA Investing LLC purchased a new position in shares of Virginia National Bankshares during the first quarter worth approximately $27,000. Tower Research Capital LLC TRC grew its position in shares of Virginia National Bankshares by 527.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 960 shares of the company's stock worth $37,000 after acquiring an additional 807 shares during the last quarter. Bank of America Corp DE grew its position in shares of Virginia National Bankshares by 34.2% during the fourth quarter. Bank of America Corp DE now owns 5,742 shares of the company's stock worth $219,000 after acquiring an additional 1,464 shares during the last quarter. Deutsche Bank AG grew its position in shares of Virginia National Bankshares by 122.0% during the fourth quarter. Deutsche Bank AG now owns 5,785 shares of the company's stock worth $221,000 after acquiring an additional 3,179 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Virginia National Bankshares during the fourth quarter worth approximately $223,000. 37.39% of the stock is currently owned by hedge funds and other institutional investors.

Virginia National Bankshares Stock Performance

Shares of VABK traded up $0.17 during mid-day trading on Monday, reaching $41.61. 49,345 shares of the company's stock were exchanged, compared to its average volume of 31,855. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $224.36 million, a PE ratio of 12.57 and a beta of 0.43. The business's fifty day simple moving average is $38.10 and its 200-day simple moving average is $37.02. Virginia National Bankshares Corporation has a 52-week low of $33.66 and a 52-week high of $44.50.

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

Virginia National Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.44 annualized dividend and a dividend yield of 3.5%. Virginia National Bankshares's dividend payout ratio (DPR) is currently 43.50%.

About Virginia National Bankshares

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.