VersaBank (TSE:VBNK – Get Free Report) hit a new 52-week high during trading on Monday. The company traded as high as C$34.81 and last traded at C$34.50, with a volume of 9,345 shares trading hands. The stock had previously closed at C$32.51.
VersaBank Trading Down 2.0%
The firm has a 50-day simple moving average of C$31.49 and a two-hundred day simple moving average of C$26.41. The company has a market capitalization of C$1.10 billion, a price-to-earnings ratio of 32.45 and a beta of 1.24.
VersaBank (TSE:VBNK – Get Free Report) last announced its quarterly earnings results on Thursday, September 3rd. The company reported C$0.38 earnings per share (EPS) for the quarter. The business had revenue of C$38.81 million during the quarter. VersaBank had a return on equity of 6.17% and a net margin of 9.92%. On average, sell-side analysts forecast that VersaBank will post 1.69 earnings per share for the current year.
VersaBank Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Investors of record on Saturday, October 31st were issued a $0.0250 dividend. The ex-dividend date was Friday, October 9th. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. VersaBank’s dividend payout ratio is currently 9.52%.
About VersaBank
VersaBank is a North American bank with a difference. Federally chartered in both Canada and the U.S., VersaBank has a branchless, digital, business-to-business model based on its proprietary state-of-the-art technology that enables it to profitably address underserved segments of the banking industry in a significantly risk mitigated manner. Because VersaBank obtains substantially all of its deposits and undertakes the majority of its funding activities electronically through financial intermediary partners, it benefits from significant operating leverage that drives efficiency and return on common equity.
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