Royce & Associates LP Sells 38,192 Shares of Virginia National Bankshares Co. (NASDAQ:VABK)

Royce & Associates LP decreased its holdings in Virginia National Bankshares Co. (NASDAQ:VABK) by 42.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 51,718 shares of the company’s stock after selling 38,192 shares during the quarter. Royce & Associates LP’s holdings in Virginia National Bankshares were worth $1,976,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in Virginia National Bankshares by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 108,888 shares of the company’s stock valued at $4,536,000 after buying an additional 3,362 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Virginia National Bankshares by 135.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,060 shares of the company’s stock worth $294,000 after purchasing an additional 4,066 shares during the period. State Street Corp lifted its stake in Virginia National Bankshares by 1.4% in the third quarter. State Street Corp now owns 73,684 shares of the company’s stock worth $3,069,000 after purchasing an additional 1,005 shares during the last quarter. Barclays PLC boosted its holdings in Virginia National Bankshares by 277.1% during the 3rd quarter. Barclays PLC now owns 6,136 shares of the company’s stock valued at $256,000 after acquiring an additional 4,509 shares during the period. Finally, DAVENPORT & Co LLC bought a new stake in Virginia National Bankshares during the 4th quarter valued at about $390,000. Institutional investors own 37.39% of the company’s stock.

Virginia National Bankshares Price Performance

VABK opened at $35.93 on Friday. Virginia National Bankshares Co. has a 12-month low of $24.06 and a 12-month high of $44.00. The business’s fifty day simple moving average is $36.08 and its 200-day simple moving average is $38.92. The company has a market capitalization of $192.98 million, a price-to-earnings ratio of 11.41 and a beta of 0.46. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32.

Virginia National Bankshares (NASDAQ:VABK) last announced its earnings results on Thursday, January 23rd. The company reported $0.85 earnings per share for the quarter. Virginia National Bankshares had a net margin of 20.32% and a return on equity of 10.77%.

Virginia National Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.33 per share. The ex-dividend date is Friday, March 14th. This represents a $1.32 annualized dividend and a dividend yield of 3.67%. Virginia National Bankshares’s dividend payout ratio (DPR) is presently 41.90%.

Virginia National Bankshares 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.