VersaBank (TSE:VBNK - Get Free Report) dropped 2.4% during trading on Thursday . The company traded as low as C$15.47 and last traded at C$15.47. Approximately 14,204 shares changed hands during trading, a decline of 57% from the average daily volume of 32,695 shares. The stock had previously closed at C$15.85.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods decreased their price objective on VersaBank from C$27.00 to C$22.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th.
Read Our Latest Research Report on VBNK
VersaBank Stock Performance
The company has a market capitalization of C$519.39 million, a P/E ratio of 10.44 and a beta of 1.07. The business has a 50 day moving average of C$14.68 and a 200-day moving average of C$18.38.
VersaBank Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 30th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.62%. 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.
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