VersaBank (TSE:VBNK) to Issue $0.03 Quarterly Dividend

VersaBank (TSE:VBNK - Get Free Report) announced a quarterly dividend on Friday, July 4th, TickerTech Dividends reports. Investors of record on Thursday, July 31st will be paid a dividend of 0.025 per share on Thursday, July 31st. This represents a $0.10 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Friday, July 4th.

VersaBank Stock Up 0.5%

VersaBank stock traded up C$0.08 during midday trading on Friday, reaching C$15.88. The stock had a trading volume of 2,423 shares, compared to its average volume of 30,205. VersaBank has a 12 month low of C$12.18 and a 12 month high of C$25.75. The firm's 50-day moving average price is C$15.55 and its 200 day moving average price is C$16.61. The firm has a market capitalization of C$513.88 million, a PE ratio of 10.33 and a beta of 1.07.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lowered their price objective on VersaBank from C$21.00 to C$19.00 and set an "outperform" rating on the stock in a research note on Thursday, June 5th.

About VersaBank

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.