Virginia National Bankshares Co. (NASDAQ:VABK) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of Virginia National Bankshares Co. (NASDAQ:VABK - Free Report) by 122.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,715 shares of the company's stock after acquiring an additional 8,655 shares during the period. JPMorgan Chase & Co. owned about 0.29% of Virginia National Bankshares worth $600,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC boosted its position in Virginia National Bankshares by 3.2% during the third quarter. Geode Capital Management LLC now owns 108,888 shares of the company's stock worth $4,536,000 after purchasing an additional 3,362 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Virginia National Bankshares by 22.0% in the 4th quarter. Bank of New York Mellon Corp now owns 11,995 shares of the company's stock worth $458,000 after buying an additional 2,163 shares in the last quarter. State Street Corp grew its stake in Virginia National Bankshares by 1.4% in the 3rd quarter. State Street Corp now owns 73,684 shares of the company's stock valued at $3,069,000 after acquiring an additional 1,005 shares during the last quarter. Barclays PLC increased its holdings in Virginia National Bankshares by 277.1% during the 3rd quarter. Barclays PLC now owns 6,136 shares of the company's stock valued at $256,000 after acquiring an additional 4,509 shares in the last quarter. Finally, DAVENPORT & Co LLC acquired a new position in Virginia National Bankshares during the fourth quarter worth about $390,000. Institutional investors and hedge funds own 37.39% of the company's stock.

Virginia National Bankshares Price Performance

Shares of VABK stock traded up $1.29 during trading hours on Friday, hitting $37.36. The company's stock had a trading volume of 3,842 shares, compared to its average volume of 8,238. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. Virginia National Bankshares Co. has a twelve month low of $28.71 and a twelve month high of $44.00. The stock has a market cap of $201.45 million, a price-to-earnings ratio of 11.86 and a beta of 0.45. The business has a fifty day moving average of $35.84 and a 200-day moving average of $37.90.

Virginia National Bankshares (NASDAQ:VABK - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.83 earnings per share for the quarter. The company had revenue of $14.06 million during the quarter. Virginia National Bankshares had a return on equity of 10.77% and a net margin of 20.32%.

Virginia National Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.36 per share. This is a boost from Virginia National Bankshares's previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Thursday, May 15th. Virginia National Bankshares's dividend payout ratio (DPR) is currently 43.64%.

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.