Tower Research Capital LLC TRC Has $49,000 Position in Virginia National Bankshares Co. (NASDAQ:VABK)

Tower Research Capital LLC TRC boosted its stake in shares of Virginia National Bankshares Co. (NASDAQ:VABK) by 104.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,419 shares of the company’s stock after acquiring an additional 724 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Virginia National Bankshares were worth $49,000 as of its most recent SEC filing.

Separately, Allspring Global Investments Holdings LLC acquired a new stake in shares of Virginia National Bankshares in the third quarter valued at $55,000. Institutional investors own 37.39% of the company’s stock.

Insider Buying and Selling

In other news, Director Gregory L. Wells acquired 910 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average cost of $29.66 per share, for a total transaction of $26,990.60. Following the completion of the transaction, the director now directly owns 14,125 shares in the company, valued at $418,947.50. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 12.56% of the company’s stock.

Virginia National Bankshares Price Performance

Shares of NASDAQ:VABK traded up $0.71 during midday trading on Tuesday, reaching $28.21. The company’s stock had a trading volume of 33,741 shares, compared to its average volume of 11,663. Virginia National Bankshares Co. has a fifty-two week low of $24.06 and a fifty-two week high of $43.08. The company has a market capitalization of $152.05 million, a P/E ratio of 8.87 and a beta of 0.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.79. The business’s fifty day simple moving average is $28.43 and its 200-day simple moving average is $31.88.

Virginia National Bankshares (NASDAQ:VABK) last announced its earnings results on Friday, January 26th. The company reported $0.59 earnings per share for the quarter. The company had revenue of $12.89 million during the quarter. Virginia National Bankshares had a return on equity of 11.91% and a net margin of 21.09%.

Virginia National Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.33 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.32 dividend on an annualized basis and a yield of 4.68%. Virginia National Bankshares’s payout ratio is 41.51%.

About Virginia National Bankshares

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 four segments: Bank, Sturman Wealth Advisors, VNB Trust and Estate Services, and Masonry Capital. It provides checking accounts, demand deposits, NOW accounts, money market deposit accounts, time deposits, certificates of deposit, individual retirement accounts, and other depository services.