Fri Sep 20 06:38:32 UTC 2024: ## Virginia National Bankshares Stock Rises 1.8% on Thursday

**Richmond, VA – September 20, 2024** – Virginia National Bankshares Co. (NASDAQ:VABK) saw its share price increase by 1.8% during mid-day trading on Thursday, reaching a high of $41.89. The stock closed at $41.79, representing a slight increase from the previous day’s closing price of $41.04.

Trading volume was lower than average, with approximately 6,298 shares changing hands, a 45% decrease from the usual daily volume.

The company’s financial performance indicators remain strong, with a debt-to-equity ratio of 0.19, a quick ratio of 0.86, and a current ratio of 0.86. The stock’s fifty-day moving average is $37.86, while its 200-day moving average sits at $32.44. The company boasts a market cap of $224.45 million, a P/E ratio of 13.14, and a beta of 0.44.

In its most recent earnings report released on July 19th, Virginia National Bankshares reported $0.77 earnings per share (EPS) for the quarter. The company also recorded a net margin of 19.25% and a return on equity of 10.50%. Revenue for the quarter reached $12.87 million.

Institutional investor activity has been notable in recent months. Bank of New York Mellon Corp, Atlantic Union Bankshares Corp, Heritage Wealth Advisors, Renaissance Technologies LLC, and Raffles Associates LP all increased their holdings in Virginia National Bankshares during the past two quarters. In total, 37.39% of the stock is currently owned by hedge funds and other institutional investors.

Virginia National Bankshares Corporation serves as the holding company for Virginia National Bank, offering a diverse range of commercial and retail banking services. These services include checking accounts, demand deposits, time deposits, certificates of deposit, and various other financial products.

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