Virginia National Bankshares (NASDAQ:VABK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Virginia National Bankshares (NASDAQ:VABK) from a hold rating to a buy rating in a research note published on Saturday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Virginia National Bankshares in a research note on Friday, July 24th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Virginia National Bankshares Stock Performance

NASDAQ:VABK opened at $46.19 on Friday. The company has a market capitalization of $250.81 million, a PE ratio of 10.13 and a beta of 0.45. The company has a 50 day simple moving average of $45.41 and a two-hundred day simple moving average of $42.41. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.93 and a current ratio of 0.93. Virginia National Bankshares has a fifty-two week low of $37.31 and a fifty-two week high of $50.00.

Virginia National Bankshares (NASDAQ:VABK) last issued its quarterly 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 13.36%. The firm had revenue of $19.78 million for the quarter.

Virginia National Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, August 14th. Virginia National Bankshares’s dividend payout ratio (DPR) is 31.58%.

Hedge Funds Weigh In On Virginia National Bankshares

Institutional investors have recently modified their holdings of the company. De Lisle Partners LLP acquired a new stake in Virginia National Bankshares in the 2nd quarter valued at $1,272,000. Bank of New York Mellon Corp acquired a new position in Virginia National Bankshares during the second quarter worth $699,000. Empowered Funds LLC raised its holdings in Virginia National Bankshares by 4.7% during the first quarter. Empowered Funds LLC now owns 6,780 shares of the company’s stock worth $259,000 after buying an additional 304 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Virginia National Bankshares by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 51,463 shares of the company’s stock valued at $1,967,000 after buying an additional 1,402 shares in the last quarter. Finally, M3F Inc. bought a new position in shares of Virginia National Bankshares in the first quarter valued at $220,000. 37.39% of the stock is owned by institutional investors and hedge funds.

About Virginia National Bankshares

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.