Renaissance Technologies LLC Acquires 46,830 Shares of VersaBank (NASDAQ:VBNK)

Renaissance Technologies LLC grew its position in shares of VersaBank (NASDAQ:VBNK - Free Report) by 65.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,800 shares of the company's stock after acquiring an additional 46,830 shares during the quarter. Renaissance Technologies LLC owned about 0.37% of VersaBank worth $1,645,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Bank of Montreal Can lifted its stake in shares of VersaBank by 11.8% in the fourth quarter. Bank of Montreal Can now owns 17,431 shares of the company's stock valued at $239,000 after buying an additional 1,841 shares in the last quarter. Barclays PLC purchased a new position in shares of VersaBank during the third quarter valued at approximately $32,000. Mark Sheptoff Financial Planning LLC grew its holdings in VersaBank by 55.3% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 16,000 shares of the company's stock worth $222,000 after buying an additional 5,700 shares in the last quarter. Salzhauer Michael purchased a new stake in VersaBank in the 4th quarter valued at $137,000. Finally, Round Rock Advisors LLC bought a new position in VersaBank during the 4th quarter valued at $273,000. 56.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Raymond James reiterated an "outperform" rating on shares of VersaBank in a report on Thursday, March 6th. Roth Capital set a $10.40 target price on VersaBank in a research note on Thursday, March 6th. Finally, Roth Mkm downgraded VersaBank from a "buy" rating to a "neutral" rating and decreased their price target for the company from $22.00 to $10.40 in a research report on Thursday, March 6th.

VersaBank Stock Up 1.5 %

NASDAQ VBNK traded up $0.17 during trading hours on Thursday, reaching $11.25. 10,332 shares of the company were exchanged, compared to its average volume of 66,282. The stock has a market capitalization of $365.68 million, a P/E ratio of 10.22 and a beta of 1.01. VersaBank has a 1 year low of $8.51 and a 1 year high of $18.38. The business's 50 day simple moving average is $10.53 and its 200-day simple moving average is $13.34.

VersaBank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 4th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Friday, April 4th. This is a boost from VersaBank's previous quarterly dividend of $0.02. VersaBank's payout ratio is 6.38%.

VersaBank Company 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.