VersaBank (TSE:VBNK) Sets New 52-Week High After Dividend Announcement

Key Points

• VersaBank stock hit a new 52-week high of C$23.87 after announcing a dividend of $0.025 per share payable April 30 (ex-dividend April 10), an annualized $0.10 representing a 0.4% yield and a 10.31% payout ratio.
• The bank has a market cap of C$761.64 million, a P/E of 24.48, 50-day/200-day moving averages of C$20.98/C$19.30, reported quarterly EPS of C$0.38, and analysts expect about 1.69 EPS for the current fiscal year.

VersaBank (TSE:VBNK - Get Free Report)'s share price reached a new 52-week high during trading on Friday after the company announced a dividend. The stock traded as high as C$23.87 and last traded at C$23.87, with a volume of 24394 shares. The stock had previously closed at C$22.99.The newly announced dividend which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 30th will be issued a dividend of $0.025 per share. The ex-dividend date is Friday, April 10th. This represents a $0.10 annualized dividend and a dividend yield of 0.4%. VersaBank's payout ratio is currently 10.31%.

VersaBank Price Performance

The company has a fifty day moving average of C$20.98 and a 200-day moving average of C$19.30. The firm has a market cap of C$761.64 million, a P/E ratio of 24.48 and a beta of 1.52.

VersaBank (TSE:VBNK - Get Free Report) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported C$0.38 earnings per share (EPS) for the quarter. The firm had revenue of C$36.51 million during the quarter. VersaBank had a return on equity of 5.89% and a net margin of 10.04%. On average, sell-side analysts expect that VersaBank will post 1.6945127 EPS for the current fiscal year.

VersaBank Company Profile

VersaBank, a Canadian Schedule I chartered bank, became the world's first fully digital financial institution when it adopted its highly efficient business-to-business model using proprietary state-of-the art financial technology to profitably address underserved markets in pursuit of superior net interest margins while mitigating risk. It obtains all deposits and provides the majority of loans and leases electronically. Leveraging internally developed IT security software, VersaBank established Washington, DC based subsidiary, DRT Cyber Inc, to pursue large-market opportunities in cyber security and develop innovative solutions to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations and government entities on a daily basis.

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