Round Rock Advisors LLC Buys 24,965 Shares of VersaBank (NASDAQ:VBNK)

Round Rock Advisors LLC boosted its holdings in shares of VersaBank (NASDAQ:VBNK - Free Report) by 126.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,665 shares of the company's stock after buying an additional 24,965 shares during the quarter. Round Rock Advisors LLC owned approximately 0.14% of VersaBank worth $463,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of VersaBank during the 4th quarter valued at $1,442,000. Mendon Capital Advisors Corp grew its position in shares of VersaBank by 65.6% during the 4th quarter. Mendon Capital Advisors Corp now owns 887,253 shares of the company's stock valued at $12,288,000 after acquiring an additional 351,511 shares during the period. Intact Investment Management Inc. bought a new stake in shares of VersaBank during the 4th quarter valued at $1,223,000. Bank of America Corp DE grew its position in shares of VersaBank by 182.4% during the 4th quarter. Bank of America Corp DE now owns 46,648 shares of the company's stock valued at $646,000 after acquiring an additional 30,131 shares during the period. Finally, Russell Investments Group Ltd. bought a new stake in shares of VersaBank during the 4th quarter valued at $307,000. 56.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial reissued an "outperform" rating and set a $13.00 price objective (down previously from $15.00) on shares of VersaBank in a research report on Thursday, June 5th.

VersaBank Stock Down 1.0%

NASDAQ:VBNK traded down $0.12 during trading hours on Friday, hitting $11.64. 65,723 shares of the stock traded hands, compared to its average volume of 73,536. VersaBank has a 1 year low of $8.51 and a 1 year high of $18.38. The company has a market cap of $378.53 million, a price-to-earnings ratio of 14.73 and a beta of 0.96. The stock has a 50 day moving average price of $11.36 and a 200 day moving average price of $11.72.

VersaBank (NASDAQ:VBNK - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.03). VersaBank had a net margin of 10.70% and a return on equity of 7.97%. The firm had revenue of $21.87 million for the quarter, compared to analysts' expectations of $20.77 million. Equities analysts forecast that VersaBank will post 1.46 earnings per share for the current fiscal year.

VersaBank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, July 4th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Thursday, July 3rd. VersaBank's dividend payout ratio is currently 8.86%.

VersaBank Profile

VersaBank provides various banking products and services in Canada and the United States. It offers deposit products, such as web-based chequing accounts, guaranteed investment certificates, registered retirement savings plans, and tax-free savings accounts, as well as deposit insurance products. The company also provides lending services, including point of sale financing that covers purchasing loan and lease receivables from finance companies operating in various industries; commercial banking services comprising commercial real estate, public sector/infrastructure financing, and condominium financing; and residential mortgages.