Short Interest in Virginia National Bankshares Corporation (NASDAQ:VABK) Decreases By 19.0%

Key Points

• Short interest in Virginia National Bankshares Corporation (NASDAQ: VABK) decreased by 19.0% during August, totaling 16,200 shares as of August 31st, which represents 0.3% of the company's shares sold short.
• Institutional investors have been active, with several firms like Geode Capital Management and Jane Street Group increasing their holdings in Virginia National Bankshares, showing strong investor interest.
• The company declared a quarterly dividend of $0.36 per share, which is equivalent to an annualized yield of 3.6% based on its current payout ratio of 43.50%.

Virginia National Bankshares Corporation (NASDAQ:VABK - Get Free Report) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 16,200 shares, a decline of 19.0% from the August 15th total of 20,000 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 17,800 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 17,800 shares, the short-interest ratio is currently 0.9 days. Currently, 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Virginia National Bankshares

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC acquired a new position in Virginia National Bankshares during the first quarter worth about $27,000. Tower Research Capital LLC TRC boosted its holdings in shares of Virginia National Bankshares by 465.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,573 shares of the company's stock worth $58,000 after purchasing an additional 1,295 shares during the last quarter. Bank of America Corp DE grew its position in shares of Virginia National Bankshares by 34.2% in the fourth quarter. Bank of America Corp DE now owns 5,742 shares of the company's stock valued at $219,000 after purchasing an additional 1,464 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Virginia National Bankshares by 122.0% in the fourth quarter. Deutsche Bank AG now owns 5,785 shares of the company's stock valued at $221,000 after purchasing an additional 3,179 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Virginia National Bankshares in the first quarter valued at approximately $227,000. 37.39% of the stock is owned by hedge funds and other institutional investors.

Virginia National Bankshares Price Performance

VABK stock traded down $0.39 during trading on Monday, hitting $39.62. The stock had a trading volume of 14,323 shares, compared to its average volume of 10,600. Virginia National Bankshares has a twelve month low of $33.66 and a twelve month high of $44.57. The company's 50-day moving average price is $39.01 and its two-hundred day moving average price is $37.47. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $213.63 million, a P/E ratio of 11.97 and a beta of 0.44.

Virginia National Bankshares (NASDAQ:VABK - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.78 earnings per share for the quarter. Virginia National Bankshares had a return on equity of 10.78% and a net margin of 21.39%.The business had revenue of $14.11 million for the quarter.

Virginia National Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.6%. Virginia National Bankshares's dividend payout ratio is presently 43.50%.

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 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.