VersaBank (TSE:VBNK) Stock Price Up 12.9% – What’s Next?

VersaBank (TSE:VBNK – Get Free Report)’s stock price shot up 12.9% during trading on Tuesday . The company traded as high as C$32.76 and last traded at C$32.69. 108,810 shares were traded during trading, an increase of 263% from the average session volume of 29,995 shares. The stock had previously closed at C$28.96.

VersaBank Price Performance

The company has a market cap of C$999.04 million, a P/E ratio of 33.01 and a beta of 1.72. The company’s 50-day moving average is C$25.98 and its two-hundred day moving average is C$22.81.

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VersaBank (TSE:VBNK – Get Free Report) last released its quarterly earnings data on Wednesday, June 3rd. The company reported C$0.39 earnings per share (EPS) for the quarter. VersaBank had a return on equity of 5.64% and a net margin of 9.34%.The business had revenue of C$38.29 million for the quarter. Equities research analysts anticipate that VersaBank will post 1.6945127 EPS for the current year.

VersaBank Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 31st will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, July 10th. VersaBank’s dividend payout ratio is presently 10.64%.

About VersaBank

(Get Free Report)

VersaBank, a Canadian Schedule I chartered bank, became the world’s first fully digital financial institution when it adopted its highly efficient business-to-business model using proprietary state-of-the art financial technology to profitably address underserved markets in pursuit of superior net interest margins while mitigating risk. It obtains all deposits and provides the majority of loans and leases electronically. Leveraging internally developed IT security software, VersaBank established Washington, DC based subsidiary, DRT Cyber Inc, to pursue large-market opportunities in cyber security and develop innovative solutions to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations and government entities on a daily basis.

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