VersaBank (TSE:VBNK) Announces $0.03 Quarterly Dividend

VersaBank (TSE:VBNK) declared a quarterly dividend on Friday, April 4th, TickerTech Dividends reports. Stockholders 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 0.68%. The ex-dividend date of this dividend is Friday, April 4th.

VersaBank Trading Down 1.3 %

Shares of VBNK opened at C$14.63 on Wednesday. The firm’s fifty day simple moving average is C$17.35 and its two-hundred day simple moving average is C$19.53. VersaBank has a 12 month low of C$12.94 and a 12 month high of C$25.75. The stock has a market capitalization of C$473.43 million, a P/E ratio of 9.51 and a beta of 1.07.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods dropped their price target on VersaBank from C$27.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th.

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.