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

Key Points

• Virginia National Bankshares reported $0.78 earnings per share for the quarter with a revenue of $14.11 million, showcasing a net margin of 21.39% and a return on equity of 10.89%.
• The company declared a quarterly dividend of $0.36 per share, providing an annualized yield of 3.84% and a payout ratio of 43.50%.
• Institutional investors own 37.39% of Virginia National Bankshares, with Jane Street Group LLC recently acquiring a stake valued at approximately $227,000.

Virginia National Bankshares (NASDAQ:VABK - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.78 earnings per share for the quarter, Zacks reports. The company had revenue of $14.11 million for the quarter. Virginia National Bankshares had a return on equity of 10.89% and a net margin of 21.39%.

Virginia National Bankshares Stock Down 1.1%

NASDAQ:VABK traded down $0.42 during mid-day trading on Wednesday, hitting $37.56. 930 shares of the company's stock were exchanged, compared to its average volume of 5,003. The business has a fifty day moving average price of $37.34 and a 200 day moving average price of $36.61. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.89 and a quick ratio of 0.89. Virginia National Bankshares has a one year low of $33.53 and a one year high of $44.00. The company has a market cap of $202.45 million, a PE ratio of 11.35 and a beta of 0.43.

Virginia National Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, August 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.83%. Virginia National Bankshares's dividend payout ratio (DPR) is currently 43.50%.

Hedge Funds Weigh In On Virginia National Bankshares

An institutional investor recently bought a new position in Virginia National Bankshares stock. Jane Street Group LLC acquired a new position in Virginia National Bankshares Corporation (NASDAQ:VABK - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,280 shares of the company's stock, valued at approximately $227,000. Jane Street Group LLC owned approximately 0.12% of Virginia National Bankshares as of its most recent SEC filing. Institutional investors and hedge funds own 37.39% of the company's stock.

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.