Virginia National Bankshares Corporation (NASDAQ:VABK) Shares Sold by Royce & Associates LP

Key Points

• Royce & Associates LP reduced its stake in Virginia National Bankshares by 36.7%, selling 19,000 shares during the 1st quarter and now owns 32,718 shares valued at approximately $1.18 million.
• The company has announced a quarterly dividend of $0.36 per share, resulting in an annualized dividend yield of 3.80% and a payout ratio of 43.50%.
• Virginia National Bankshares reported a net margin of 21.39% and earnings per share of $0.78 in their last quarterly earnings, with a market cap of $204.41 million.

Royce & Associates LP reduced its holdings in Virginia National Bankshares Corporation (NASDAQ:VABK - Free Report) by 36.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,718 shares of the company's stock after selling 19,000 shares during the quarter. Royce & Associates LP owned about 0.61% of Virginia National Bankshares worth $1,180,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. DAVENPORT & Co LLC lifted its holdings in shares of 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 acquired a new position in Virginia National Bankshares during the first quarter worth $27,000. Bank of America Corp DE boosted its position in 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 purchasing an additional 1,464 shares in the last quarter. Deutsche Bank AG boosted its position in 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 purchasing an additional 3,179 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Virginia National Bankshares by 13.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 38,563 shares of the company's stock worth $1,473,000 after purchasing an additional 4,525 shares in the last quarter. 37.39% of the stock is owned by institutional investors and hedge funds.

Virginia National Bankshares Price Performance

VABK traded down $0.02 during trading on Friday, reaching $36.85. 2,489 shares of the stock were exchanged, compared to its average volume of 5,029. The business's 50 day moving average price is $37.34 and its two-hundred day moving average price is $36.63. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $198.70 million, a price-to-earnings ratio of 11.13 and a beta of 0.43. Virginia National Bankshares Corporation has a 1 year low of $33.53 and a 1 year high of $44.00.

Virginia National Bankshares (NASDAQ:VABK - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.78 EPS for the quarter. The company had revenue of $14.11 million for the quarter. Virginia National Bankshares had a return on equity of 10.89% and a net margin of 21.39%.

Virginia National Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, August 15th. Virginia National Bankshares's payout ratio is presently 43.50%.

Virginia National Bankshares Company 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.