DAVENPORT & Co LLC Invests $390,000 in Virginia National Bankshares Co.

DAVENPORT & Co LLC has recently established a new investment in Virginia National Bankshares Co. (NASDAQ:VABK) during the fourth quarter, as disclosed in the company's latest 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,217 shares of the bank's stock, which amounts to an investment valued at approximately $390,000. Following this acquisition, DAVENPORT & Co LLC holds about 0.19% of Virginia National Bankshares according to the latest SEC report.

In addition to DAVENPORT & Co LLC, several other institutional investors have adjusted their holdings in Virginia National Bankshares. For instance, Meridian Financial Partners LLC increased its stake in the bank by 32.5% in the third quarter, now owning 157,306 shares valued at around $6,552,000 following the purchase of an additional 38,588 shares. Similarly, De Lisle Partners LLP raised its position by 20.4% in the same period, possessing 30,269 shares worth $1,259,000 after adding 5,119 shares recently.

Barclays PLC also significantly boosted its investment in Virginia National Bankshares, increasing its stake by an impressive 277.1%, with ownership of 6,136 shares valued at $256,000 after buying 4,509 more shares last quarter. Additionally, JPMorgan Chase & Co. marked a 135.8% increase in its holdings, totaling 7,060 shares valued at $294,000 after acquiring an extra 4,066 shares. Moreover, Geode Capital Management LLC marginally raised its stake by 3.2%, now retaining 108,888 shares valued at $4,536,000 after purchasing 3,362 additional shares. Collectively, institutional investors account for 37.39% of the stock's ownership.

Virginia National Bankshares Stock Performance

As of Friday, Virginia National Bankshares' stock opened at $36.12. The company has a 50-day moving average of $37.94 and a 200-day moving average of $39.12. Financially, it shows a quick ratio of 0.89, a current ratio of 0.89, and a debt-to-equity ratio of 0.32. Over the past year, the stock has witnessed a low of $24.06 and a high of $44.00. Virginia National Bankshares boasts a market capitalization of $193.96 million, a price-to-earnings ratio of 11.47, and a beta of 0.46.

For its most recent earnings report, Virginia National Bankshares shared its quarterly results on January 23rd, where it posted an earnings per share (EPS) of $0.85. The company's return on equity stands at 10.77%, and it has achieved a net margin of 20.32%.

About Virginia National Bankshares

Virginia National Bankshares Corporation serves as the holding company for Virginia National Bank, providing a variety of commercial and retail banking services. The company's operations include several segments: Bank, Sturman Wealth Advisors, VNB Trust and Estate Services, and Masonry Capital. Its offerings encompass checking accounts, demand deposits, money market accounts, time deposits, certificates of deposit, individual retirement accounts, and other depository services.

investment, banking, shares