Dimensional Fund Advisors LP Buys 1,049 Shares of Virginia National Bankshares Co. (NASDAQ:VABK)

Dimensional Fund Advisors LP lifted its stake in shares of Virginia National Bankshares Co. (NASDAQ:VABK) by 3.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 33,702 shares of the company’s stock after acquiring an additional 1,049 shares during the period. Dimensional Fund Advisors LP owned approximately 0.63% of Virginia National Bankshares worth $1,105,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in VABK. Atlantic Union Bankshares Corp lifted its holdings in shares of Virginia National Bankshares by 5.9% during the 1st quarter. Atlantic Union Bankshares Corp now owns 14,902 shares of the company’s stock worth $449,000 after acquiring an additional 833 shares during the last quarter. Heritage Wealth Advisors raised its position in Virginia National Bankshares by 4,424.9% in the 1st quarter. Heritage Wealth Advisors now owns 20,000 shares of the company’s stock worth $602,000 after purchasing an additional 19,558 shares during the period. Vanguard Group Inc. raised its position in Virginia National Bankshares by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 293,781 shares of the company’s stock worth $8,843,000 after purchasing an additional 1,816 shares during the period. Meridian Financial Partners LLC purchased a new position in Virginia National Bankshares in the 2nd quarter worth $3,894,000. Finally, Bank of New York Mellon Corp raised its position in Virginia National Bankshares by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 13,483 shares of the company’s stock worth $442,000 after purchasing an additional 637 shares during the period. 37.39% of the stock is owned by institutional investors.

Virginia National Bankshares Price Performance

VABK stock opened at $38.29 on Friday. The firm’s 50-day moving average price is $38.81 and its two-hundred day moving average price is $33.68. Virginia National Bankshares Co. has a 12-month low of $24.06 and a 12-month high of $43.08. The stock has a market capitalization of $205.62 million, a price-to-earnings ratio of 13.20 and a beta of 0.45. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19.

Virginia National Bankshares (NASDAQ:VABK) last released its quarterly earnings data on Friday, July 19th. The company reported $0.77 earnings per share (EPS) for the quarter. Virginia National Bankshares had a net margin of 19.25% and a return on equity of 10.50%. The firm had revenue of $12.87 million for the quarter.

Virginia National Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend was Friday, September 6th. Virginia National Bankshares’s dividend payout ratio is currently 45.52%.

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.