VersaBank (TSE:VBNK - Get Free Report)'s share price was down 1.4% during trading on Thursday . The company traded as low as C$14.25 and last traded at C$14.30. 23,906 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 34,634 shares. The stock had previously closed at C$14.50.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods cut their price objective on VersaBank from C$27.00 to C$22.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th.
Get Our Latest Stock Report on VersaBank
VersaBank Stock Up 5.0 %
The stock has a market capitalization of C$479.91 million, a P/E ratio of 9.64 and a beta of 1.07. The stock's 50 day moving average price is C$17.45 and its 200-day moving average price is C$19.55.
VersaBank Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 30th will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Friday, April 4th. VersaBank's payout ratio is currently 6.50%.
About VersaBank
(
Get Free Report)
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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