VersaBank (TSE:VBNK - Get Free Report)'s share price rose 1.3% during trading on Friday . The stock traded as high as C$14.65 and last traded at C$14.37. Approximately 34,398 shares changed hands during trading, an increase of 6% from the average daily volume of 32,353 shares. The stock had previously closed at C$14.18.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods reduced their price target on VersaBank from C$21.00 to C$19.00 and set an "outperform" rating for the company in a research report on Thursday, June 5th.
Check Out Our Latest Stock Report on VBNK
VersaBank Trading Up 1.3%
The firm's fifty day moving average price is C$15.03 and its two-hundred day moving average price is C$17.60. The stock has a market capitalization of C$495.12 million, a PE ratio of 9.95 and a beta of 1.07.
VersaBank Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th were issued a $0.025 dividend. The ex-dividend date was Friday, April 4th. This represents a $0.10 dividend on an annualized basis and a yield of 0.65%. VersaBank's payout ratio is 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.
Featured Articles
Before you consider VersaBank, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VersaBank wasn't on the list.
While VersaBank currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
