Free Trial

VersaBank (TSE:VBNK) Price Target Lowered to C$19.00 at Keefe, Bruyette & Woods

VersaBank logo with Financial Services background

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

(Get Free Report)

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.

Recommended Stories

Should You Invest $1,000 in VersaBank Right Now?

Before you consider VersaBank, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VersaBank wasn't on the list.

While VersaBank currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Options Trading Made Easy - Download Now Cover

Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in July 2025
3 Defense Stocks Under $10 With Massive Upside
NVIDIA: Another 200% Growth Ahead? (PLUS 2 Companies Riding Along)

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines