VersaBank (TSE:VBNK - Get Free Report) announced a quarterly dividend on Friday, July 4th, TickerTech Dividends reports. Shareholders 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 annualized dividend and a yield of 0.63%. The ex-dividend date is Friday, July 4th.
VersaBank Price Performance
Shares of TSE VBNK traded down C$0.22 during mid-day trading on Thursday, hitting C$15.77. The company's stock had a trading volume of 4,261 shares, compared to its average volume of 30,343. VersaBank has a one year low of C$12.18 and a one year high of C$25.75. The company's fifty day simple moving average is C$15.53 and its 200-day simple moving average is C$16.70. The stock has a market cap of C$510.32 million, a price-to-earnings ratio of 10.25 and a beta of 1.07.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods reduced their price objective on shares of 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.
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VersaBank Company Profile
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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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