VersaBank (TSE:VBNK - Free Report) had its price objective decreased by Keefe, Bruyette & Woods from C$21.00 to C$19.00 in a report issued on Thursday morning,BayStreet.CA reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.
VersaBank Price Performance
TSE VBNK traded up C$0.19 during trading hours on Thursday, reaching C$14.37. 34,398 shares of the stock traded hands, compared to its average volume of 32,353. The stock has a 50 day simple moving average of C$14.98 and a two-hundred day simple moving average of C$17.77. VersaBank has a 1 year low of C$12.18 and a 1 year high of C$25.75. The company has a market cap of C$465.02 million, a price-to-earnings ratio of 9.34 and a beta of 1.07.
VersaBank Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 30th were issued a $0.025 dividend. The ex-dividend date was Friday, April 4th. This represents a $0.10 annualized dividend and a dividend yield of 0.70%. VersaBank's dividend payout ratio is currently 6.50%.
About VersaBank
(
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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.
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