VersaBank (TSE:VBNK - Get Free Report) announced a quarterly dividend on Friday, April 4th, TickerTech Dividends reports. Shareholders of record on Wednesday, April 30th will be paid a dividend of 0.025 per share on Wednesday, April 30th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, April 4th.
VersaBank Trading Down 2.0 %
VBNK traded down C$0.27 during mid-day trading on Friday, hitting C$13.10. 68,648 shares of the stock were exchanged, compared to its average volume of 34,347. The company has a market cap of C$423.92 million, a PE ratio of 8.52 and a beta of 1.07. The firm's fifty day moving average is C$17.02 and its two-hundred day moving average is C$19.43. VersaBank has a 1-year low of C$12.39 and a 1-year high of C$25.75.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods lowered their price target on shares of VersaBank from C$27.00 to C$22.00 and set an "outperform" rating for the company in a report on Thursday, March 6th.
Read Our Latest Stock Report on VBNK
About VersaBank
(
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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.
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