Virginia National Bankshares (NASDAQ:VABK) Earns "Buy (B-)" Rating from Weiss Ratings

Key Points

• Virginia National Bankshares' stock has received a "buy (B-)" rating from Weiss Ratings, suggesting positive analyst sentiment.
• The company's stock price increased by 1.7% on the trading day, reaching $38.70, with a market capitalization of approximately $208.59 million.
• Virginia National Bankshares reported earnings of $0.78 per share for the last quarter, highlighting its strong net margin of 21.39% and return on equity of 10.78%.

Virginia National Bankshares (NASDAQ:VABK - Get Free Report)'s stock had its "buy (b-)" rating reiterated by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Virginia National Bankshares Stock Up 1.7%

VABK stock traded up $0.65 during trading on Wednesday, hitting $38.70. 5,907 shares of the company's stock were exchanged, compared to its average volume of 17,538. The business has a 50-day moving average price of $39.26 and a two-hundred day moving average price of $37.70. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $208.59 million, a price-to-earnings ratio of 11.49 and a beta of 0.42. Virginia National Bankshares has a 52-week low of $33.66 and a 52-week high of $44.57.

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

Institutional Trading of Virginia National Bankshares

Large investors have recently made changes to their positions in the company. Bank of America Corp DE raised its stake in Virginia National Bankshares by 34.2% during the 4th quarter. Bank of America Corp DE now owns 5,742 shares of the company's stock valued at $219,000 after acquiring an additional 1,464 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Virginia National Bankshares during the 1st quarter valued at approximately $27,000. DAVENPORT & Co LLC raised its stake in Virginia National Bankshares by 14.8% during the 1st quarter. DAVENPORT & Co LLC now owns 11,729 shares of the company's stock valued at $423,000 after acquiring an additional 1,512 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Virginia National Bankshares by 3.9% during the 1st quarter. Bank of New York Mellon Corp now owns 12,460 shares of the company's stock valued at $450,000 after acquiring an additional 465 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Virginia National Bankshares during the 1st quarter valued at approximately $227,000. 37.39% of the stock is owned by institutional investors and hedge funds.

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.

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