The Manufacturers Life Insurance Company Trims Stock Position in Virginia National Bankshares Co. (NASDAQ:VABK)

The Manufacturers Life Insurance Company decreased its holdings in Virginia National Bankshares Co. (NASDAQ:VABK) by 2.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 213,869 shares of the company’s stock after selling 6,349 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Virginia National Bankshares were worth $8,908,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in Virginia National Bankshares by 5.0% in the second quarter. Bank of New York Mellon Corp now owns 13,483 shares of the company’s stock valued at $442,000 after purchasing an additional 637 shares during the period. Raffles Associates LP raised its stake in Virginia National Bankshares by 4.0% during the second quarter. Raffles Associates LP now owns 26,867 shares of the company’s stock worth $881,000 after purchasing an additional 1,023 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Virginia National Bankshares by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 33,702 shares of the company’s stock valued at $1,105,000 after purchasing an additional 1,049 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Virginia National Bankshares by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 293,781 shares of the company’s stock valued at $8,843,000 after buying an additional 1,816 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Virginia National Bankshares by 88.5% during the 2nd quarter. Renaissance Technologies LLC now owns 19,600 shares of the company’s stock worth $643,000 after buying an additional 9,200 shares during the last quarter. Institutional investors and hedge funds own 37.39% of the company’s stock.

Virginia National Bankshares Price Performance

Shares of Virginia National Bankshares stock opened at $41.74 on Wednesday. The business’s fifty day moving average price is $41.15 and its 200 day moving average price is $37.19. Virginia National Bankshares Co. has a twelve month low of $24.06 and a twelve month high of $44.00. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $224.14 million, a P/E ratio of 14.44 and a beta of 0.45.

Virginia National Bankshares (NASDAQ:VABK) last released its quarterly earnings data on Thursday, October 17th. The company reported $0.85 earnings per share for the quarter. Virginia National Bankshares had a return on equity of 9.96% and a net margin of 18.95%. The business had revenue of $13.48 million for the quarter.

Virginia National Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.32 annualized dividend and a yield of 3.16%. Virginia National Bankshares’s dividend payout ratio is currently 45.67%.

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.