Virginia National Bankshares Corporation operates as the holding company for Virginia National Bank that offers a range of commercial and retail banking services.
Flawless balance sheet and fair value.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: VABK underperformed the US Banks industry which returned 10.3% over the past year.
Return vs Market: VABK underperformed the US Market which returned 17.9% over the past year.
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
No news available
Is Virginia National Bankshares undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VABK ($37) is trading below our estimate of fair value ($49.42)
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 (14.9x) compared to the Banks industry average (12.6x).
PE vs Market: VABK is good value based on its PE Ratio (14.9x) compared to the US market (18.2x).
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 (1.2x).
How is Virginia National Bankshares forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine whether Virginia National Bankshares is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Virginia National Bankshares's filings and announcements here.
- Explore growth companies in the Banks industry.
How has Virginia National Bankshares performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VABK has high quality earnings.
Growing Profit Margin: VABK's current net profit margins (25.6%) are lower than last year (31.9%).
Past Earnings Growth Analysis
Earnings Trend: VABK's earnings have grown significantly by 22.1% per year over the past 5 years.
Accelerating Growth: VABK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VABK had negative earnings growth (-21%) over the past year, making it difficult to compare to the Banks industry average (12.2%).
Return on Equity
High ROE: VABK's Return on Equity (8.8%) is considered low.
Return on Assets
Return on Capital Employed
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
Inventory Level: VABK has a low level of unsold assets or inventory.
Debt Coverage by Assets: VABK's debt is not covered by short term assets (assets are -7.7x debt).
Financial Institutions Analysis
Asset Level: VABK's level of assets compared to its equity is low.
Allowance for Bad Loans: VABK has a sufficient allowance for bad loans.
Low Risk Liabilities: VABK's liabilities are made up of primarily low risk sources of funding.
Loan Level: VABK has an acceptable proportion of non-loan assets held.
Low Risk Deposits: VABK's loans are broadly funded by customer deposits.
Level of Bad Loans: VABK has an appropriate level of bad loans (0.2%)
What is Virginia National Bankshares's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: VABK's dividend (3.24%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: VABK's dividend (3.24%) is low compared to the top 25% of dividend payers in the US market (3.73%).
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 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (47.1%), 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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Glenn Rust (63yo)
Mr. Glenn W. Rust serves as the Chief Executive Officer and President of Virginia National Bankshares Corporation (the "Company") and VNBTrust, National Association ("VNBTrust"). Mr. Rust has been the Chie ...
CEO Compensation Analysis
Compensation vs Market: Glenn's total compensation ($USD554.39K) is about average for companies of similar size in the US market ($USD522.48K).
Compensation vs Earnings: Glenn's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Chairman of the Board||0yrs||US$27.65k||7.49% $7.5m|
|Independent Director||22.1yrs||US$27.65k||0.14% $139.7k|
|Independent Director||4.8yrs||US$27.65k||0.72% $719.9k|
|Independent Director||4.8yrs||US$27.65k||0.54% $537.1k|
|Independent Director||6.7yrs||US$63.65k||0.61% $602.8k|
|Independent Director||8.1yrs||US$27.65k||0.28% $274.1k|
|Independent Director||4.8yrs||US$27.65k||0.33% $333.0k|
|Independent Director||2.1yrs||US$27.65k||0.034% $34.3k|
Experienced Board: VABK's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Virginia National Bankshares Corporation's company bio, employee growth, exchange listings and data sources
- Name: Virginia National Bankshares Corporation
- Ticker: VABK
- Exchange: OTCPK
- Founded: 1998
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$99.604m
- Shares outstanding: 2.69m
- Website: https://www.vnbcorp.com
Number of Employees
- Virginia National Bankshares Corporation
- 404 People Place
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|VABK||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Nov 1998|
Virginia National Bankshares Corporation operates as the holding company for Virginia National Bank that offers a range of commercial and retail banking services. The company operates through two segments, the Bank and VNB Wealth. It provides checking accounts, NOW accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and other depository services. The company also offers short-to-long term commercial, real estate, consumer, and residential mortgage loans. In addition, it provides automated teller machines, Internet banking, treasury, and cash management services, as well as merchant and debit card services; and investment advisory, brokerage, annuity, and insurance products and services. Further, the company offers investment management, wealth advisory, and trust and estate administration services. It serves individuals, businesses, and charitable organizations. As of March 26, 2019, the company operated through four banking offices in Charlottesville and one in Winchester, as well as a loan production office in Harrisonburg. Virginia National Bankshares Corporation was founded in 1998 and is headquartered in Charlottesville, Virginia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 23:49|
|End of Day Share Price||2020/02/21 00:00|
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.