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

Virginia National Bankshares Co. (NASDAQ:VABK - Get Free Report) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 187,500 shares, a growth of 232.4% from the April 15th total of 56,400 shares. Currently, 4.0% of the shares of the company are sold short. Based on an average daily volume of 14,300 shares, the short-interest ratio is presently 13.1 days.

Virginia National Bankshares Stock Performance

VABK traded up $0.12 on Friday, reaching $30.03. The company had a trading volume of 5,563 shares, compared to its average volume of 31,368. The company's fifty day moving average is $28.32 and its 200 day moving average is $31.95. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market cap of $161.86 million, a P/E ratio of 9.44 and a beta of 0.39. Virginia National Bankshares has a fifty-two week low of $24.06 and a fifty-two week high of $43.08.

Virginia National Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend was Wednesday, March 13th. Virginia National Bankshares's dividend payout ratio is 41.51%.

Institutional Investors Weigh In On Virginia National Bankshares

Several institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its stake in shares of Virginia National Bankshares by 104.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,419 shares of the company's stock valued at $49,000 after buying an additional 724 shares during the period. Atlantic Union Bankshares Corp lifted its position 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 worth $449,000 after purchasing an additional 833 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Virginia National Bankshares during the third quarter worth $55,000. Vanguard Group Inc. raised its stake in Virginia National Bankshares by 0.6% during the first quarter. Vanguard Group Inc. now owns 293,781 shares of the company's stock worth $8,843,000 after buying an additional 1,816 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new position in Virginia National Bankshares in the fourth quarter valued at $133,000. 37.39% of the stock is currently owned by institutional investors.

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.