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Manufacturers’ Life Insurance Company purchased new stake in Virginia National Bank Shares (OTCMKTS:VABK – Get Rating) in the third quarter, according to the company’s latest filing with the Securities and Exchange Commission Did. The company purchased 174,197 shares of the company stock valued at approximately $5,651,000. Manufacturers’ Life Insurance Company owned approximately 3.27% of the stock of Virginia National Bank at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also changed their holdings of VABK. Meridian Financial Partners LLC purchased his new position in Virginia National Bank Shares worth $4,187,000 in the second quarter. Cerity Partners LLC purchased a new stake in Virginia National Bankshares for his $1,517,000 in the second quarter. Atlantic Union BankShares Corporation purchased shares of Virginia National BankShares in the third quarter for $456,000. Jane Street Group LLC purchased shares of Virginia National Bankshares for $400,000 in the second quarter. Finally, Fourthstone LLC increased its stake in Virginia National BankShares by 10.0% in the first quarter. Fourthstone LLC now owns 71,798 of his shares worth $2,477,000 after purchasing an additional 6,510 of his shares last quarter. Hedge funds and other institutional investors own 30.31% of the company’s shares.
Virginia National BankShares stock performance
VABK opened Monday at $36.31. Virginia National Bank Shares has a 52-week low of $27.05 and a 52-week high of $40.00. The company has a 50-day moving average of $35.84 and a 200-day moving average of $33.90. The stock has a market cap of $193.53 million, a price/earnings ratio of 9.24 and a beta of 0.25.
Virginia National BankShares (OTCMKTS:VABK – Get Rating) last reported quarterly results on Thursday, October 27th. The company reported that his earnings per share (EPS) for the quarter was his $1.08. The company’s quarterly revenue was $16.58 million. Virginia National BankShares had a net profit margin of 31.97% and a return on equity of 14.79%.
Virginia National BankShares Announces Dividend
The business recently announced a quarterly dividend, which was paid out on Friday, December 30th. A dividend of $0.30 was issued to shareholders of record on Tuesday, December 20. The ex-dividend date was Monday, December 19. This represents his $1.20 dividend and his 3.30% yield on an annual basis. Virginia National Bankshares’ current payout ratio is 29.70%.
About Virginia National BankShares
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Virginia National BankShares Corporation operates as the holding company of Virginia National Bank, which provides a variety of commercial banking services. The company operates in his four segments: Banking, Starman Wealth Advisors, VNB Trust and Estate Services and Masonry Capital. We offer current accounts, demand deposits, NOW accounts, money market accounts, term deposits, certificates of deposit, individual retirement accounts, and other deposit services.
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Want to know other hedge funds holding VABK? Visit HoldingsChannel.com to get the latest Virginia National Bankshares Co. (OTCMKTS:VABK – Get Rating) 13F filings and insider trading.
This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to contact@marketbeat.com.
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