VersaBank (VBNK) Projected to Post Quarterly Earnings on Wednesday

VersaBank (NASDAQ:VBNK - Get Free Report) is expected to be posting its Q2 2025 quarterly earnings results before the market opens on Wednesday, June 4th. Analysts expect VersaBank to post earnings of $0.24 per share and revenue of $20.77 million for the quarter.

VersaBank Trading Down 0.3%

Shares of NASDAQ VBNK traded down $0.03 on Thursday, reaching $11.78. 19,849 shares of the company traded hands, compared to its average volume of 68,043. The company has a 50 day moving average of $10.66 and a 200 day moving average of $12.82. VersaBank has a fifty-two week low of $8.51 and a fifty-two week high of $18.38. The stock has a market capitalization of $383.07 million, a PE ratio of 10.71 and a beta of 0.99.

VersaBank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th were paid a dividend of $0.025 per share. The ex-dividend date was Friday, April 4th. This is a positive change from VersaBank's previous quarterly dividend of $0.02. This represents a $0.10 annualized dividend and a yield of 0.85%. VersaBank's dividend payout ratio is currently 6.38%.

Hedge Funds Weigh In On VersaBank

An institutional investor recently raised its position in VersaBank stock. Royal Bank of Canada increased its holdings in shares of VersaBank (NASDAQ:VBNK - Free Report) by 107.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,371 shares of the company's stock after acquiring an additional 29,169 shares during the quarter. Royal Bank of Canada owned approximately 0.17% of VersaBank worth $585,000 at the end of the most recent quarter. 56.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VBNK has been the subject of several analyst reports. Raymond James restated an "outperform" rating on shares of VersaBank in a research note on Thursday, March 6th. Roth Capital set a $10.40 price objective on VersaBank in a research note on Thursday, March 6th. Finally, Roth Mkm downgraded shares of VersaBank from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $22.00 to $10.40 in a research report on Thursday, March 6th.

About VersaBank

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.