Round Rock Advisors LLC Makes New $273,000 Investment in VersaBank (NASDAQ:VBNK)

Round Rock Advisors LLC acquired a new position in shares of VersaBank (NASDAQ:VBNK - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 19,700 shares of the company's stock, valued at approximately $273,000. Round Rock Advisors LLC owned approximately 0.06% of VersaBank as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Barclays PLC bought a new stake in VersaBank during the third quarter valued at about $32,000. K2 Principal Fund L.P. acquired a new position in VersaBank in the third quarter valued at about $211,000. Mark Sheptoff Financial Planning LLC bought a new stake in shares of VersaBank in the third quarter worth about $137,000. Pembroke Management LTD grew its holdings in shares of VersaBank by 45.2% during the third quarter. Pembroke Management LTD now owns 50,864 shares of the company's stock worth $675,000 after buying an additional 15,834 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in VersaBank by 44.7% during the second quarter. Dimensional Fund Advisors LP now owns 50,038 shares of the company's stock valued at $540,000 after purchasing an additional 15,462 shares during the last quarter. 56.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Raymond James reissued an "outperform" rating and set a $17.00 price target (up from $15.00) on shares of VersaBank in a report on Friday, November 8th.

VersaBank Trading Down 2.3 %

VersaBank stock traded down $0.34 during midday trading on Wednesday, reaching $14.02. The stock had a trading volume of 78,844 shares, compared to its average volume of 87,567. VersaBank has a 12 month low of $9.48 and a 12 month high of $18.38. The company has a market capitalization of $455.63 million, a P/E ratio of 12.81 and a beta of 0.91. The company has a fifty day moving average price of $14.49 and a two-hundred day moving average price of $14.00.

VersaBank (NASDAQ:VBNK - Get Free Report) last issued its quarterly earnings data on Monday, December 9th. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. VersaBank had a return on equity of 11.20% and a net margin of 13.52%. On average, equities research analysts predict that VersaBank will post 1.46 earnings per share for the current fiscal year.

VersaBank Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given a dividend of $0.0177 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.07 annualized dividend and a dividend yield of 0.51%. VersaBank's dividend payout ratio is currently 6.36%.

VersaBank 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.