Virginia National Bankshares (NASDAQ:VABK) Trading Down 2.1% - Here's What Happened

Shares of Virginia National Bankshares Corporation (NASDAQ:VABK - Get Free Report) were down 2.1% during mid-day trading on Wednesday . The company traded as low as $40.22 and last traded at $40.22. Approximately 9,262 shares were traded during trading, a decline of 12% from the average daily volume of 10,483 shares. The stock had previously closed at $41.10.Analysts Set New Price TargetsSeparately, Weiss Ratings reissued a "buy (b-)" rating on shares of Virginia National Bankshares in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy".View Our Latest Analysis on VABKVirginia National Bankshares Trading Down 2.1%The company has a 50 day moving average of $39.52 and a 200 day moving average of $38.39. The firm has a market cap of $216.79 million, a P/E ratio of 12.19 and a beta of 0.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 0.92. Virginia National Bankshares (NASDAQ:VABK - Get Free Report) last posted its earnings results on Thursday, October 23rd. The company reported $0.84 earnings per share (EPS) for the quarter. The firm had revenue of $13.16 million during the quarter. Virginia National Bankshares had a net margin of 21.37% and a return on equity of 10.77%. Virginia National Bankshares Dividend AnnouncementThe firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, November 14th. Virginia National Bankshares's payout ratio is presently 43.64%. Hedge Funds Weigh In On Virginia National BanksharesInstitutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in shares of Virginia National Bankshares by 3.9% during the 1st quarter. Bank of New York Mellon Corp now owns 12,460 shares of the company's stock worth $450,000 after acquiring an additional 465 shares in the last quarter. Fourthstone LLC lifted its holdings in Virginia National Bankshares by 5.9% in the 2nd quarter. Fourthstone LLC now owns 8,874 shares of the company's stock worth $328,000 after purchasing an additional 494 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Virginia National Bankshares by 19.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,816 shares of the company's stock worth $187,000 after purchasing an additional 787 shares during the last quarter. Jane Street Group LLC boosted its position in Virginia National Bankshares by 19.3% during the second quarter. Jane Street Group LLC now owns 7,492 shares of the company's stock worth $277,000 after purchasing an additional 1,212 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in Virginia National Bankshares by 465.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,573 shares of the company's stock valued at $58,000 after purchasing an additional 1,295 shares during the last quarter. 37.39% of the stock is currently owned by institutional investors. Virginia National Bankshares Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than Virginia National BanksharesESG Stocks, What Investors Should KnowRare Earth Stocks: The Truce That Isn't a Truce3 Warren Buffett Stocks to Buy NowCarving Up Profits: 3 Food Stocks on the Thanksgiving TableWhat is a penny stock? A comprehensive guideC3.ai's Reset: Why New Leadership Could Spark a TurnaroundThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Virginia National Bankshares Right Now?Before you consider Virginia National Bankshares, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Virginia National Bankshares wasn't on the list.While Virginia National Bankshares currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here