Virginia National Bankshares (NASDAQ:VABK) Stock Price Up 1.5% - Still a Buy?

Key Points

• Virginia National Bankshares shares rose 1.5% to $49.23 in Monday trading, with volume slightly above average. The stock’s 50-day and 200-day moving averages were $47.42 and $44.54, respectively.
• Analyst sentiment remains mixed: Wall Street Zen upgraded the stock to “Buy,” while Weiss Ratings maintained a “Hold” rating; MarketBeat’s consensus rating is still Hold.
• The company reported quarterly EPS of $1.65, $19.78 million in revenue, a 28.18% net margin and a 13.36% return on equity. It also pays a quarterly dividend of $0.36, equivalent to a 2.9% annual yield.

Virginia National Bankshares Corporation (NASDAQ:VABK - Get Free Report)'s share price were up 1.5% on Monday. The stock traded as high as $49.36 and last traded at $49.23. 9,109 shares were traded during mid-day trading, an increase of 4% from the average daily volume of 8,751 shares. The stock had previously closed at $48.50.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on VABK shares. Wall Street Zen upgraded Virginia National Bankshares from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Weiss Ratings reiterated a "hold (c)" rating on shares of Virginia National Bankshares in a research note on Friday, July 24th. One analyst has rated the stock with a Hold rating. According to MarketBeat, Virginia National Bankshares has an average rating of "Hold".

Virginia National Bankshares Stock Performance

The stock's 50-day moving average price is $47.42 and its 200-day moving average price is $44.54. The company has a market cap of $267.32 million, a P/E ratio of 10.80 and a beta of 0.44. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.93.

Virginia National Bankshares (NASDAQ:VABK - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The company reported $1.65 EPS for the quarter. Virginia National Bankshares had a net margin of 28.18% and a return on equity of 13.36%. The business had revenue of $19.78 million for the quarter.

Virginia National Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.44 dividend on an annualized basis and a yield of 2.9%. Virginia National Bankshares's payout ratio is currently 31.58%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Apella Capital LLC bought a new position in Virginia National Bankshares during the 3rd quarter worth $223,000. M3F Inc. acquired a new position in Virginia National Bankshares in the 1st quarter valued at $220,000. Empowered Funds LLC lifted its position in shares of Virginia National Bankshares by 4.7% during the 1st quarter. Empowered Funds LLC now owns 6,780 shares of the company's stock valued at $259,000 after acquiring an additional 304 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Virginia National Bankshares during the 2nd quarter valued at $699,000. Finally, North Star Investment Management Corp. bought a new stake in shares of Virginia National Bankshares during the 1st quarter valued at $840,000. 37.39% of the stock is owned by institutional investors.

About Virginia National Bankshares

Virginia National Bankshares Corp. is the bank holding company for Virginia National Bank, a community banking institution headquartered in Charlottesville, Virginia. The company provides banking and financial services to individuals, businesses, nonprofit organizations and government entities.

Virginia National Bank offers a range of deposit products, residential and commercial lending, mortgage services, online and mobile banking, treasury management and other cash-management solutions.

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