Rosenthal Henry Capital Advisors Inc. Has $2.66 Million Holdings in VersaBank (NASDAQ:VBNK)

Rosenthal Henry Capital Advisors Inc. cut its position in VersaBank (NASDAQ:VBNK - Free Report) by 14.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 200,226 shares of the company's stock after selling 33,000 shares during the period. VersaBank accounts for about 2.7% of Rosenthal Henry Capital Advisors Inc.'s investment portfolio, making the stock its 15th biggest position. Rosenthal Henry Capital Advisors Inc. owned 0.77% of VersaBank worth $2,659,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Pembroke Management LTD acquired a new stake in shares of VersaBank in the second quarter valued at $377,000. Cumberland Partners Ltd bought a new stake in VersaBank during the 1st quarter worth about $472,000. Dimensional Fund Advisors LP increased its position in VersaBank by 44.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 50,038 shares of the company's stock valued at $540,000 after acquiring an additional 15,462 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of VersaBank by 52.4% in the first quarter. Acadian Asset Management LLC now owns 66,004 shares of the company's stock worth $689,000 after acquiring an additional 22,699 shares during the last quarter. Finally, ELCO Management Co. LLC lifted its position in shares of VersaBank by 4.1% during the second quarter. ELCO Management Co. LLC now owns 82,942 shares of the company's stock worth $892,000 after purchasing an additional 3,234 shares in the last quarter. 56.86% of the stock is owned by institutional investors.

VersaBank Stock Up 1.5 %

NASDAQ VBNK traded up $0.22 during trading hours on Friday, hitting $15.22. The company's stock had a trading volume of 35,727 shares, compared to its average volume of 41,070. VersaBank has a twelve month low of $7.36 and a twelve month high of $15.78. The firm has a market capitalization of $395.26 million, a P/E ratio of 11.71 and a beta of 0.75. The stock has a fifty day moving average of $13.78 and a 200 day moving average of $11.75.

VersaBank (NASDAQ:VBNK - Get Free Report) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.08). VersaBank had a net margin of 16.24% and a return on equity of 11.85%. The company had revenue of $19.72 million during the quarter, compared to analyst estimates of $21.83 million. On average, analysts predict that VersaBank will post 1.21 earnings per share for the current year.

VersaBank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were issued a dividend of $0.018 per share. This represents a $0.07 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Friday, October 4th. VersaBank's dividend payout ratio (DPR) is currently 5.38%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on VBNK shares. Roth Mkm started coverage on shares of VersaBank in a report on Friday, September 27th. They issued a "buy" rating and a $18.00 price target for the company. Keefe, Bruyette & Woods initiated coverage on VersaBank in a research note on Tuesday, August 27th. They issued an "outperform" rating and a $22.00 target price for the company. Finally, Roth Capital raised VersaBank to a "strong-buy" rating in a research note on Friday, September 27th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, VersaBank has an average rating of "Buy" and a consensus price target of $16.67.

VersaBank Company Profile

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.