VABK
Virginia National Bankshares CorporationFinancial Services·Banks - Regional
$43.39
$235M market cap
Revenue
$41.7M
Free Cash Flow
$13.0M
Rev Growth
+0.0%
FCF Margin
31.2%
P/FCF
18.1x
EV/FCF
18.6x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Virginia National Bankshares Corporation operates as the holding company for Virginia National Bank that provides a range of commercial 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. The company also offers
2-Year Price History
$42.66+56.6%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 20.4 | 6.5 | 6.5 | 5.3 | 7.2 | 7.0 | -0.2 | 22.6 | 29.4 | 5.4 | 23.2% | 1.1x | -- |
| Act | 2025-Q4 | 21.3 | 7.6 | 7.6 | 6.0 | 6.5 | 6.0 | -0.5 | 60.1 | 29.8 | 5.4 | 26.6% | 1.2x | -- |
Valuation & Metrics
Market Stats
Price$43.39
Market Cap$235M
Enterprise Value$242M
P/S Ratio5.7x
P/FCF18.1x
EV/FCF18.6x
FCF Margin (TTM)31.2%
FCF Yield5.5%
Dividend Yield (TTM)4.1%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$41.7M
Net Income$11.2M
Free Cash Flow$13.0M
Revenue Growth (YoY)+0.0%
EBITDA Margin33.9%
Net Margin26.9%
FCF Margin31.2%
CapEx % of Revenue1.8%
SBC % of Revenue0.0%
ROIC24.9%
WC Change % Rev0.8%
Interest Coverage1.1x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover3.4
Change (vs Prior)-7.1%
Need at least 2 settlement dates for chart
Employees
Headcount239
Revenue / Employee$174,351
Gross Profit / Employee$124,636
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
30.3%(+7.5% YoY)
77 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
14.0%(+0.8% YoY)
9 filers
Vanguard, iShares, SPDR
Market makers
0.1%(-0.1% YoY)
3 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| ENDEAVOUR CAPITAL ADVISORS INC | $11.4M | $32.95 | +$1.4M | +$1.8M | -1.9% | $441M |
| BlackRock, Inc.Passive | $10.9M | $39.01 | −$111K | −$624K | -0.2% | $5.69T |
| Atlantic Union Bankshares Corp | $9.3M | $37.21 | +$0 | +$8.7M | -0.1% | $5.20B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $8.6M | $37.88 | +$8.5M | +$8.6M | — | $4.04T |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $8.0M | $29.24 | −$97K | −$411K | -0.2% | $113.45B |
| ALLIANCEBERNSTEIN L.P. | $7.7M | $33.09 | +$464K | +$1.2M | -0.3% | $307.70B |
| Meridian Financial Partners LLC | $5.3M | $39.15 | −$133K | −$498K | +0.1% | $263M |
| STRATEGIC VALUE BANK PARTNERS LLC | $4.9M | $27.15 | +$0 | +$0 | -1.3% | $186M |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $4.5M | $29.98 | −$26K | +$289K | +2.3% | $1.61T |
| STATE STREET CORPPassive | $3.1M | $30.87 | +$44K | +$437K | -0.2% | $2.89T |
| Elizabeth Park Capital Advisors, Ltd. | $2.9M | $27.15 | +$0 | −$504K | -1.0% | $130M |
| DIMENSIONAL FUND ADVISORS LPPassive | $2.0M | $32.78 | +$53K | +$457K | -0.4% | $480.92B |
| HPM Partners LLC | $1.9M | $27.42 | −$6K | +$36K | -0.1% | $70.24B |
| Farther Finance Advisors, LLC | $1.8M | $39.16 | +$0 | +$1.8M | -0.9% | $10.58B |
| SALZHAUER MICHAEL | $1.7M | $37.88 | +$176K | +$176K | -1.1% | $212M |
| NORTHERN TRUST CORPPassive | $1.3M | $29.31 | +$81K | −$98K | -0.2% | $755.34B |
| GRACE & WHITE INC /NY | $1.3M | $27.15 | +$0 | +$0 | -1.1% | $566M |
| De Lisle Partners LLP | $1.2M | $29.68 | +$0 | +$0 | -0.7% | $836M |
| VANGUARD FIDUCIARY TRUST COPassive | $1.1M | $37.88 | +$1.1M | +$1.1M | — | $395.83B |
| BROWN ADVISORY INC | $1.1M | $34.50 | +$0 | +$0 | -0.5% | $60.79B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-0.64%
avg per quarter
Holders (ex-self)
-0.64%
excl. this stock
Buyers (this Q)
-0.77%
24 buyers · $0.01B in
Sellers (this Q)
-0.01%
28 sellers · $0.00B out
alpha coverage: 90% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+43.6%
how holders react when this stock falls
On quiet Qs
-2.0%
−10% to +10% baseline
On rallies (+10%+)
-3.4%
how they react when this stock rises
Holders' portfolio flow this Q
+5.5%
inflows — adds are organic
Sellers' portfolio flow this Q
+3.3%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-0.4%
Holder mid (any stock)
-1.3%
Holder rally (any stock)
-4.3%
Biggest decreases this quarter
CITADEL ADVISORS LLCexited−$818KTWO SIGMA INVESTMENTS, LPexited−$337KFIDUCIARY TRUST COexited−$233KWealthcare Advisory Partners LLCexited−$204KBANK OF AMERICA CORP /DE/exited−$201KMeridian Financial Partners LLC−$133Kα+0.1BlackRock, Inc.−$111Kα-0.2MANUFACTURERS LIFE INSURANCE COMPANY, THE−$97Kα-0.2GEODE CAPITAL MANAGEMENT, LLC−$26Kα+2.3HPM Partners LLC−$6Kα-0.1
New buyers this quarter
Top-5 holders · 46.5%
ENDEAVOUR CAPITAL ADVISORS INC--
BlackRock, Inc.--
Atlantic Union Bankshares Corp--
VANGUARD CAPITAL MANAGEMENT LLC--
MANUFACTURERS LIFE INSURANCE COMPANY, THE--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
ENDEAVOUR CAPITAL ADVISORS INC299KAtlantic Union Bankshares Corp242KMANUFACTURERS LIFE INSURANCE COMPANY, THE209KROYCE & ASSOCIATES LP27KALLIANCEBERNSTEIN L.P.193KMeridian Financial Partners LLC138KFourthstone LLC8KSTRATEGIC VALUE BANK PARTNERS LLC129KElizabeth Park Capital Advisors, Ltd.75KBASSWOOD CAPITAL MANAGEMENT, L.L.C.—
Corporate
Order Flow (FINRA, ~3w lag)
7.8%retail-30.4pp
10.1%dark+1.3pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Virginia National Bankshares Corporation: Institutional Stability and Regulatory Compliance Oversight
Overall Risk
2/10
Fraud
1/10
Dilution
1/10
Insolvency
1/10
Earnings Overstated
1/10
Hidden Liabilities
1/10
Legal
1/10
Audit Warnings
1/10
Hidden Upside
1/10
Contextually Acceptable
10/10