VersaBank (TSE:VBNK - Get Free Report) traded down 1.5% during mid-day trading on Monday . The stock traded as low as C$14.57 and last traded at C$14.60. 10,264 shares were traded 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.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods lowered their target price 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. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of C$19.00.
Check Out Our Latest Stock Report on VBNK
VersaBank Trading Up 1.0%
The stock's fifty day moving average price is C$15.44 and its 200 day moving average price is C$15.62. The stock has a market cap of C$486.05 million, a P/E ratio of 9.77 and a beta of 1.07.
VersaBank Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors 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 annualized dividend and a dividend yield of 0.7%. VersaBank's dividend payout ratio (DPR) is currently 6.50%.
VersaBank Company Profile
(
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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