VersaBank (TSE:VBNK - Free Report) had its price target reduced by Keefe, Bruyette & Woods from C$21.00 to C$19.00 in a research report released on Thursday,BayStreet.CA reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.
VersaBank Price Performance
VBNK stock traded up C$0.19 during mid-day trading on Thursday, hitting C$14.37. 34,398 shares of the stock were exchanged, compared to its average volume of 32,353. The business has a fifty day moving average price of C$14.98 and a 200 day moving average price of C$17.72. VersaBank has a 12 month low of C$12.18 and a 12 month high of C$25.75. The stock has a market capitalization of C$465.02 million, a price-to-earnings ratio of 9.34 and a beta of 1.07.
VersaBank Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 30th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.10 dividend on an annualized basis and a yield of 0.70%. VersaBank's dividend payout ratio is presently 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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