Short Interest in Virginia National Bankshares Corporation (NASDAQ:VABK) Declines 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 recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 16,200 shares, a decrease of 19.0% from the August 15th total of 20,000 shares. Based on an average daily volume of 17,800 shares, the short-interest ratio is currently 0.9 days. Currently, 0.3% of the company's stock are short sold. Currently, 0.3% of the company's stock are short sold. Based on an average daily volume of 17,800 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On Virginia National Bankshares

A number of institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in shares of Virginia National Bankshares in the 1st quarter valued at about $27,000. Tower Research Capital LLC TRC raised its stake in shares of Virginia National Bankshares by 465.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,573 shares of the company's stock valued at $58,000 after purchasing an additional 1,295 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Virginia National Bankshares by 34.2% in the 4th 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 raised its stake in shares of Virginia National Bankshares by 122.0% in the 4th 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 in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Virginia National Bankshares in the 1st quarter valued at about $227,000. Institutional investors and hedge funds own 37.39% of the company's stock.

Virginia National Bankshares Stock Down 0.6%

Virginia National Bankshares stock traded down $0.23 during trading on Friday, reaching $40.01. 90,929 shares of the company's stock were exchanged, compared to its average volume of 43,959. The company's 50-day moving average is $39.01 and its two-hundred day moving average is $37.45. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 0.92. Virginia National Bankshares has a 52-week low of $33.66 and a 52-week high of $44.57. The firm has a market cap of $215.65 million, a price-to-earnings ratio of 12.09 and a beta of 0.44.

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

Virginia National Bankshares Dividend Announcement

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

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.