VIRGINIA NATL BANKSHARES COR VABK
COM · Common Stock · CUSIP 928031103
- SectorFinancials
- IndustryNational Commercial Banks
- HeadquartersCharlottesville, VA
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Shares outstanding: 5.3m as of 2023-03-27, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $35.88.
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 41 |
| Q4 2022 | 47 |
| Q1 2023 | 51 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 14 | 9 |
| Q1 2023 | 20 | 13 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | New | +34.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Added | +31.5k |
| LOWE BROCKENBROUGH & CO INC | New | +22.0k |
| JANE STREET GROUP, LLC | New | +13.5k |
| DIMENSIONAL FUND ADVISORS LP | Added | +13.0k |
| ENDEAVOUR CAPITAL ADVISORS INC | Added | +9.9k |
| Qube Research & Technologies Ltd | New | +7.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +6.8k |
| MORGAN STANLEY | Added | +5.9k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | New | +5.7k |
Biggest sellers
| FJ Capital Management LLC | Sold out | -41.5k |
| BHZ CAPITAL MANAGEMENT, LP | Sold out | -18.2k |
| BANC FUNDS CO LLC | Reduced | -12.6k |
| ROYCE & ASSOCIATES LP | Reduced | -11.9k |
| Fourthstone LLC | Reduced | -10.8k |
| HRT FINANCIAL LP | Reduced | -5.1k |
| ACADIAN ASSET MANAGEMENT LLC | Sold out | -787 |
| DAVENPORT & Co LLC | Reduced | -770 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC | Reduced | -749 |
| Heritage Wealth Advisors | Reduced | -450 |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| ENDEAVOUR CAPITAL ADVISORS INC 13G · institution new · filed 2026-05-15 | 5.5% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales in Q1 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 2 | $72.9k | 0 | — | — |
| Q1 2022 | 1 | $8.0k | 0 | — | — |
| Q2 2022 | 4 | $122.2k | 0 | — | — |
| Q3 2022 | 4 | $144.2k | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 1 | $11.8k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-02-22 | Keyser Jay B Director · By Revocable Trust | Bought | $11.8k300 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 224.4k $8.1m | Added +31.5k |
| ENDEAVOUR CAPITAL ADVISORS INC 3.37% of their portfolio | 204.4k $7.3m | Added +9.9k |
| ROYCE & ASSOCIATES LP 0.07% of their portfolio | 186.6k $6.7m | Reduced -11.9k |
| Fourthstone LLC 2.00% of their portfolio | 158.3k $5.7m | Reduced -10.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 136.1k $4.9m | Unchanged |
| STRATEGIC VALUE BANK PARTNERS LLC 2.72% of their portfolio | 129.0k $4.6m | Unchanged |
| Elizabeth Park Capital Advisors, Ltd. 2.27% of their portfolio | 98.1k $3.5m | Unchanged |
| VANGUARD GROUP INC 0.00% of their portfolio | 66.3k $2.4m | Reduced -370 |
| SALZHAUER MICHAEL 1.63% of their portfolio | 49.8k $1.8m | Unchanged |
| Cerity Partners LLC 0.00% of their portfolio | 48.2k $1.6m | Unchanged |
| RAFFLES ASSOCIATES LP 1.98% of their portfolio | 40.3k $1.5m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 37.5k $1.3m | Added +2.1k |
| BlackRock Inc. 0.00% of their portfolio | 37.0k $1.3m | Reduced -100 |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 34.9k $1.3m | New |
| GRACE & WHITE INC /NY 0.24% of their portfolio | 34.3k $1.2m | Unchanged |
| BROWN ADVISORY INC 0.00% of their portfolio | 29.4k $1.1m | Unchanged |
| BANC FUNDS CO LLC 0.10% of their portfolio | 26.8k $963.0k | Reduced -12.6k |
| LOWE BROCKENBROUGH & CO INC 0.06% of their portfolio | 22.0k $791.1k | New |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 20.3k $729.4k | Added +13.0k |
| US BANCORP \DE\ 0.00% of their portfolio | 18.6k $669.9k | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 16.0k $575.8k | Added +2.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 15.9k $570.7k | Added +6.8k |
| Atlantic Union Bankshares Corp 0.05% of their portfolio | 14.1k $505.9k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 13.9k $500.9k | Added +2.3k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 13.5k $485.9k | New |
| MORGAN STANLEY 0.00% of their portfolio | 12.5k $451.0k | Added +5.9k |
| DUDLEY CAPITAL MANAGEMENT, LLC 0.28% of their portfolio | 11.0k $397.1k | Unchanged |
| AVENIR CORP 0.04% of their portfolio | 10.8k $388.4k | Unchanged |
| Fayez Sarofim & Co 0.00% of their portfolio | 9.7k $349.5k | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 8.9k $320.8k | Added +380 |
| DAVENPORT & Co LLC 0.00% of their portfolio | 8.3k $299.5k | Reduced -770 |
| HRT FINANCIAL LP 0.00% of their portfolio | 8.3k $296.0k | Reduced -5.1k |
| INVESTMENT MANAGEMENT OF VIRGINIA LLC 0.05% of their portfolio | 7.8k $279.1k | Unchanged |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 7.2k $257.9k | New |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.00% of their portfolio | 6.9k $248.6k | Reduced -749 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 5.7k $204.5k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 5.4k $194.0k | New |
| CITIGROUP INC 0.00% of their portfolio | 4.2k $149.4k | Added +1.2k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 2.9k $104.3k | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.3k $45.3k | Added +584 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 1.1k $38.0k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 637 $23.0k | Added +15 |
| UBS Group AG 0.00% of their portfolio | 624 $22.4k | Added +250 |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 540 $19.4k | Unchanged |
| Heritage Wealth Advisors 0.00% of their portfolio | 442 $15.9k | Reduced -450 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 220 $7.9k | Unchanged |
| TOTH FINANCIAL ADVISORY CORP 0.00% of their portfolio | 168 $6.0k | Unchanged |
| Spire Wealth Management 0.00% of their portfolio | 89 $3.2k | New |
| Glen Eagle Advisors, LLC 0.00% of their portfolio | 41 $1.5k | Unchanged |
| Geneos Wealth Management Inc. 0.00% of their portfolio | 30 $1.1k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1 $0 | Reduced -76 |