NasdaqCM:VABK

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Virginia National Bankshares

Market Cap

US$200.6m

Last Updated

2021/07/27 02:07 UTC

Data Sources

Company Financials

Executive Summary

Virginia National Bankshares Corporation operates as the holding company for Virginia National Bank that providesa range of commercial banking services. More Details


Snowflake Analysis

Flawless balance sheet with proven track record.


Similar Companies

Share Price & News

How has Virginia National Bankshares's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VABK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: VABK's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-0.5%

VABK

3.7%

US Banks

3.3%

US Market


1 Year Return

49.8%

VABK

59.0%

US Banks

37.8%

US Market

Return vs Industry: VABK underperformed the US Banks industry which returned 55% over the past year.

Return vs Market: VABK exceeded the US Market which returned 39.1% over the past year.


Shareholder returns

VABKIndustryMarket
7 Day-0.5%3.7%3.3%
30 Day-1.3%-4.8%1.1%
90 Day15.0%-3.8%2.9%
1 Year56.2%49.8%63.5%59.0%39.9%37.8%
3 Year-4.2%-14.4%17.7%7.6%65.8%55.4%
5 Year98.0%70.2%96.5%71.8%124.3%99.4%

Long-Term Price Volatility Vs. Market

How volatile is Virginia National Bankshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Virginia National Bankshares undervalued compared to its fair value and its price relative to the market?

27.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VABK ($37.82) is trading below our estimate of fair value ($52.35)

Significantly Below Fair Value: VABK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: VABK is poor value based on its PE Ratio (12.7x) compared to the US Banks industry average (11x).

PE vs Market: VABK is good value based on its PE Ratio (12.7x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate VABK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VABK is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.1x).


Future Growth

How is Virginia National Bankshares forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-1.1%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Virginia National Bankshares has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Virginia National Bankshares performed over the past 5 years?

7.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VABK has high quality earnings.

Growing Profit Margin: VABK's current net profit margins (27.7%) are higher than last year (26.3%).


Past Earnings Growth Analysis

Earnings Trend: VABK's earnings have grown by 7.3% per year over the past 5 years.

Accelerating Growth: VABK's earnings growth over the past year (18%) exceeds its 5-year average (7.3% per year).

Earnings vs Industry: VABK earnings growth over the past year (18%) underperformed the Banks industry 28.4%.


Return on Equity

High ROE: VABK's Return on Equity (10.1%) is considered low.


Financial Health

How is Virginia National Bankshares's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: VABK's Assets to Equity ratio (11.5x) is moderate.

Allowance for Bad Loans: VABK has a sufficient allowance for bad loans (1390%).

Low Risk Liabilities: 96% of VABK's liabilities are made up of primarily low risk sources of funding.

Loan Level: VABK has an appropriate level of Loans to Assets ratio (67%).

Low Risk Deposits: VABK's Loans to Deposits ratio (77%) is appropriate.

Level of Bad Loans: VABK has an appropriate level of bad loans (0.1%).


Dividend

What is Virginia National Bankshares's current dividend yield, its reliability and sustainability?

3.17%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: VABK's dividend (3.17%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: VABK's dividend (3.17%) is low compared to the top 25% of dividend payers in the US market (3.56%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, VABK has been paying a dividend for less than 10 years.

Growing Dividend: VABK's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40.3%), VABK's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average board tenure


CEO

Glenn Rust (65 yo)

8.5yrs

Tenure

US$639,755

Compensation

Mr. Glenn W. Rust is President and Chief Executive Officer of Virginia National and Virginia National Bank, as well as a Managing Partner of both Masonry Capital and Masonry Capital GP, LLC. He has over 48...


CEO Compensation Analysis

Compensation vs Market: Glenn's total compensation ($USD639.76K) is below average for companies of similar size in the US market ($USD1.12M).

Compensation vs Earnings: Glenn's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: VABK's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: VABK insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 95.5%.


Top Shareholders

Company Information

Virginia National Bankshares Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Virginia National Bankshares Corporation
  • Ticker: VABK
  • Exchange: NasdaqCM
  • Founded: 1998
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$200.645m
  • Shares outstanding: 5.31m
  • Website: https://www.vnb.com

Number of Employees


Location

  • Virginia National Bankshares Corporation
  • 404 People Place
  • Charlottesville
  • Virginia
  • 22911
  • United States

Listings


Biography

Virginia National Bankshares Corporation operates as the holding company for Virginia National Bank that providesa range of commercial banking services. The company operates through four segments: Bank, St...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/27 02:07
End of Day Share Price2021/07/26 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.