Virginia National Bankshares (NASDAQ:VABK) Issues Quarterly Earnings Results

Key Points

• Virginia National Bankshares reported earnings of $0.84 per share with a net margin of 21.39% and a return on equity of 10.78%.
• The company's stock saw a decrease of 0.7%, trading at $39.42 with a P/E ratio of 11.91 and a market capitalization of $212.47 million.
• Weiss Ratings reaffirmed a "buy (b-)" rating for Virginia National Bankshares, where one analyst has rated the stock as a Buy amidst increasing interest from institutional investors.

Virginia National Bankshares (NASDAQ:VABK - Get Free Report) released its earnings results on Thursday. The company reported $0.84 earnings per share for the quarter, Zacks reports. Virginia National Bankshares had a net margin of 21.39% and a return on equity of 10.78%.

Virginia National Bankshares Stock Down 0.7%

Virginia National Bankshares stock traded down $0.28 during trading hours on Thursday, hitting $39.42. The company had a trading volume of 19,110 shares, compared to its average volume of 10,566. The firm has a market capitalization of $212.47 million, a P/E ratio of 11.91 and a beta of 0.42. 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 firm's fifty day moving average is $39.66 and its 200-day moving average is $37.90. Virginia National Bankshares has a fifty-two week low of $33.66 and a fifty-two week high of $44.57.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Virginia National Bankshares in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Virginia National Bankshares currently has a consensus rating of "Buy".

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in VABK. Jane Street Group LLC increased its stake in shares of Virginia National Bankshares by 19.3% during the 2nd quarter. Jane Street Group LLC now owns 7,492 shares of the company's stock worth $277,000 after purchasing an additional 1,212 shares during the last quarter. Tower Research Capital LLC TRC increased its stake 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. Finally, Geode Capital Management LLC increased its stake in shares of Virginia National Bankshares by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 112,804 shares of the company's stock worth $4,174,000 after purchasing an additional 2,348 shares during the last quarter. Institutional investors and hedge funds own 37.39% of the company's stock.

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.

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