VersaBank (TSE:VBNK) Stock Price Up 0.4% – What’s Next?

Shares of VersaBank (TSE:VBNK) were up 0.4% on Monday. The stock traded as high as C$32.37 and last traded at C$31.90. 66,154 shares changed hands during mid-day trading, an increase of 103% from the average session volume of 32,636 shares. The stock had previously closed at C$31.78.

VersaBank Price Performance

The business’s 50-day moving average price is C$29.23 and its two-hundred day moving average price is C$26.78. The firm has a market cap of C$1.01 billion, a price-to-earnings ratio of 29.81 and a beta of 1.31.

VersaBank (TSE:VBNK) last released its earnings results on Thursday, September 3rd. The company reported C$0.38 EPS for the quarter. VersaBank had a return on equity of 6.17% and a net margin of 9.92%.The firm had revenue of C$38.81 million during the quarter. As a group, sell-side analysts forecast that VersaBank will post 1.6945127 earnings per share for the current year.

VersaBank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Saturday, October 31st will be issued a dividend of $0.0250 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, October 9th. VersaBank’s dividend payout ratio is presently 9.52%.

About VersaBank

VersaBank is a North American bank with a difference. Federally chartered in both Canada and the U.S., VersaBank has a branchless, digital, business-to-business model based on its proprietary state-of-the-art technology that enables it to profitably address underserved segments of the banking industry in a significantly risk mitigated manner. Because VersaBank obtains substantially all of its deposits and undertakes the majority of its funding activities electronically through financial intermediary partners, it benefits from significant operating leverage that drives efficiency and return on common equity.