Virginia National Bankshares (NASDAQ:VABK) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Virginia National Bankshares from “Hold” to “Buy,” although Weiss Ratings maintained a “Hold (C)” rating and the overall analyst consensus remains “Hold.”
• VABK was trading at $46.79, with a $253.6 million market capitalization, a 10.26 price-to-earnings ratio, and a 12-month range of $37.31 to $50.00.
• The bank reported quarterly EPS of $1.65 on $19.78 million in revenue, with a 28.18% net margin and 13.58% return on equity; institutional investors own 37.39% of the stock.

Virginia National Bankshares (NASDAQ:VABK - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Virginia National Bankshares in a research report on Friday, July 24th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold".

Virginia National Bankshares Stock Performance

VABK opened at $46.79 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11. The company has a market cap of $253.60 million, a price-to-earnings ratio of 10.26 and a beta of 0.45. The company's 50 day moving average is $45.33 and its 200 day moving average is $42.36. Virginia National Bankshares has a 12-month low of $37.31 and a 12-month high of $50.00.

Virginia National Bankshares (NASDAQ:VABK - Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $1.65 earnings per share (EPS) for the quarter. Virginia National Bankshares had a net margin of 28.18% and a return on equity of 13.58%. The company had revenue of $19.78 million during the quarter.

Hedge Funds Weigh In On Virginia National Bankshares

A number of hedge funds have recently modified their holdings of VABK. Jane Street Group LLC purchased a new stake in shares of Virginia National Bankshares in the first quarter worth $227,000. Geode Capital Management LLC lifted 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 valued at $4,174,000 after buying an additional 2,348 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in 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 worth $58,000 after buying an additional 1,295 shares during the period. JPMorgan Chase & Co. boosted its holdings in Virginia National Bankshares by 19.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,816 shares of the company's stock worth $187,000 after buying an additional 787 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Virginia National Bankshares by 5.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 46,480 shares of the company's stock worth $1,803,000 after buying an additional 2,196 shares in the last quarter. 37.39% of the stock is currently owned by institutional investors.

Virginia National Bankshares Company Profile

Virginia National Bankshares, Inc is a bank holding company headquartered in Virginia. Through its wholly owned subsidiary, Virginia National Bank, the company offers a full suite of commercial and consumer banking services across its regional footprint.

Its product lineup includes traditional deposit accounts such as checking, savings, money market and certificate of deposit offerings. On the lending side, Virginia National Bank provides commercial loans, business lines of credit, residential and commercial real estate mortgages, construction financing and consumer installment loans.

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