Shares of VersaBank (TSE:VBNK - Get Free Report) were up 0.1% on Monday . The company traded as high as C$15.74 and last traded at C$15.59. Approximately 8,435 shares were traded during trading, a decline of 73% from the average daily volume of 30,721 shares. The stock had previously closed at C$15.58.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods cut their price target on VersaBank from C$21.00 to C$19.00 and set an "outperform" rating for the company in a report on Thursday, June 5th.
View Our Latest Stock Report on VersaBank
VersaBank Price Performance
The stock has a market cap of C$517.44 million, a price-to-earnings ratio of 10.40 and a beta of 1.07. The stock's 50 day simple moving average is C$15.52 and its two-hundred day simple moving average is C$16.70.
VersaBank Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 31st will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Friday, July 4th. This represents a $0.10 annualized dividend and a dividend yield of 0.63%. VersaBank's dividend payout ratio (DPR) 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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