Virginia National Bankshares Co. (NASDAQ:VABK) Sees Large Increase in Short Interest

Virginia National Bankshares Co. (NASDAQ:VABK - Get Free Report) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 56,400 shares, a growth of 42.4% from the March 31st total of 39,600 shares. Currently, 1.2% of the company's stock are sold short. Based on an average trading volume of 10,500 shares, the days-to-cover ratio is presently 5.4 days.

Insider Activity

In related news, Director Gregory L. Wells purchased 910 shares of the business's stock in a transaction dated Wednesday, February 7th. The shares were acquired at an average cost of $29.66 per share, for a total transaction of $26,990.60. Following the acquisition, the director now owns 14,125 shares of the company's stock, valued at approximately $418,947.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 12.56% of the company's stock.

Hedge Funds Weigh In On Virginia National Bankshares

Institutional investors have recently modified their holdings of the stock. Atlantic Union Bankshares Corp increased its stake in shares of Virginia National Bankshares by 5.9% in the 1st quarter. Atlantic Union Bankshares Corp now owns 14,902 shares of the company's stock valued at $449,000 after purchasing an additional 833 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new position in Virginia National Bankshares in the 4th quarter worth about $133,000. Allspring Global Investments Holdings LLC acquired a new position in Virginia National Bankshares in the 3rd quarter worth about $55,000. Tower Research Capital LLC TRC raised its holdings in Virginia National Bankshares by 104.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,419 shares of the company's stock worth $49,000 after purchasing an additional 724 shares during the period. Finally, Barclays PLC acquired a new position in Virginia National Bankshares in the 2nd quarter worth about $30,000. Hedge funds and other institutional investors own 37.39% of the company's stock.

Virginia National Bankshares Stock Up 1.3 %

Shares of Virginia National Bankshares stock traded up $0.32 during trading on Friday, reaching $25.50. The company's stock had a trading volume of 34,181 shares, compared to its average volume of 20,021. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. The company has a market cap of $137.45 million, a price-to-earnings ratio of 8.02 and a beta of 0.37. Virginia National Bankshares has a 1-year low of $24.06 and a 1-year high of $43.08. The company has a 50-day simple moving average of $28.58 and a two-hundred day simple moving average of $31.78.

Virginia National Bankshares (NASDAQ:VABK - Get Free Report) last issued its quarterly earnings results on Friday, January 26th. The company reported $0.59 EPS for the quarter. Virginia National Bankshares had a return on equity of 11.91% and a net margin of 21.09%. The company had revenue of $12.89 million during the quarter.

Virginia National Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.18%. Virginia National Bankshares's payout ratio is currently 41.51%.

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 four segments: Bank, Sturman Wealth Advisors, VNB Trust and Estate Services, and Masonry Capital. It provides checking accounts, demand deposits, NOW accounts, money market deposit accounts, time deposits, certificates of deposit, individual retirement accounts, and other depository services.