Weiss Ratings Reaffirms "Buy (B-)" Rating for Virginia National Bankshares (NASDAQ:VABK)

Key Points

• Weiss Ratings has reaffirmed a "buy (B-)" rating for Virginia National Bankshares (NASDAQ:VABK), indicating positive sentiment toward the stock.
• Shares of Virginia National Bankshares traded at $40.24, with a market capitalization of approximately $216.89 million and a price-to-earnings ratio of 11.94.
• The company's recent quarterly earnings report showed earnings per share of $0.84, with a net margin of 21.37% and a return on equity of 10.77%.

Virginia National Bankshares (NASDAQ:VABK - Get Free Report)'s stock had its "buy (b-)" rating restated by equities researchers at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Virginia National Bankshares Price Performance

Shares of NASDAQ VABK traded up $0.82 during trading on Friday, hitting $40.24. The company had a trading volume of 10,502 shares, compared to its average volume of 10,372. The firm has a market capitalization of $216.89 million, a price-to-earnings ratio of 11.94 and a beta of 0.42. The stock has a fifty day simple moving average of $39.70 and a two-hundred day simple moving average of $37.96. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.36. Virginia National Bankshares has a fifty-two week low of $33.66 and a fifty-two week high of $44.57.

Virginia National Bankshares (NASDAQ:VABK - Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $0.84 earnings per share for the quarter. Virginia National Bankshares had a net margin of 21.37% and a return on equity of 10.77%. The firm had revenue of $14.42 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VABK. GAMMA Investing LLC purchased a new position in Virginia National Bankshares in the 1st quarter valued at $27,000. DAVENPORT & Co LLC lifted its stake in shares of Virginia National Bankshares by 14.8% in the first quarter. DAVENPORT & Co LLC now owns 11,729 shares of the company's stock worth $423,000 after buying an additional 1,512 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Virginia National Bankshares by 3.9% in the first quarter. Bank of New York Mellon Corp now owns 12,460 shares of the company's stock worth $450,000 after buying an additional 465 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Virginia National Bankshares in the first quarter worth about $227,000. Finally, Geode Capital Management LLC lifted its stake in shares of Virginia National Bankshares by 2.1% in the second quarter. Geode Capital Management LLC now owns 112,804 shares of the company's stock worth $4,174,000 after buying an additional 2,348 shares in the last quarter. Hedge funds and other institutional investors 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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