VersaBank (TSE:VBNK - Get Free Report) traded up 1.3% during trading on Friday . The stock traded as high as C$14.65 and last traded at C$14.37. 34,398 shares changed hands during mid-day trading, an increase of 6% from the average session volume of 32,353 shares. The stock had previously closed at C$14.18.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods reduced their price objective on VersaBank from C$21.00 to C$19.00 and set an "outperform" rating for the company in a research note on Thursday.
Get Our Latest Report on VBNK
VersaBank Trading Up 1.3%
The firm has a market capitalization of C$465.02 million, a price-to-earnings ratio of 9.34 and a beta of 1.07. The company has a fifty day moving average price of C$14.98 and a two-hundred day moving average price of C$17.72.
VersaBank Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Friday, April 4th. VersaBank's dividend payout ratio (DPR) is currently 6.50%.
About VersaBank
(
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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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