Shares of VersaBank (TSE:VBNK - Get Free Report) rose 0.1% during trading on Monday . The stock traded as high as C$15.74 and last traded at C$15.59. Approximately 8,435 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 30,721 shares. The stock had previously closed at C$15.58.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods cut their price target on VersaBank from C$21.00 to C$19.00 and set an "outperform" rating on the stock in a report on Thursday, June 5th.
View Our Latest Research Report on VBNK
VersaBank Trading Up 0.5%
The firm has a market capitalization of C$513.88 million, a price-to-earnings ratio of 10.33 and a beta of 1.07. The stock's fifty day moving average price is C$15.54 and its two-hundred day moving average price is C$16.66.
VersaBank Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 31st will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Friday, July 4th. VersaBank's dividend payout ratio (DPR) is 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.
Further Reading
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