VersaBank (TSE:VBNK - Get Free Report)'s share price traded down 1.5% on Monday . The company traded as low as C$14.57 and last traded at C$14.60. 10,264 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 28,829 shares. The stock had previously closed at C$14.82.
Analysts Set New Price Targets
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 for the company in a research note on Thursday, June 5th.
View Our Latest Analysis on VBNK
VersaBank Trading Down 1.5%
The company's fifty day moving average price is C$15.46 and its two-hundred day moving average price is C$15.73. The firm has a market cap of C$472.46 million, a P/E ratio of 9.49 and a beta of 1.07.
VersaBank Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 31st were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Friday, July 4th. This represents a $0.10 dividend on an annualized basis and a yield of 0.7%. VersaBank's dividend payout ratio is currently 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.
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