VersaBank (TSE:VBNK) Reaches New 1-Year High – Here’s What Happened

by · The Markets Daily

VersaBank (TSE:VBNK – Get Free Report) hit a new 52-week high on Thursday . The company traded as high as C$20.80 and last traded at C$20.47, with a volume of 22201 shares traded. The stock had previously closed at C$19.82.

VersaBank Trading Up 4.2%

The company has a market capitalization of C$660.00 million, a PE ratio of 22.96 and a beta of 1.14. The business’s fifty day moving average is C$17.03 and its two-hundred day moving average is C$16.24.

VersaBank (TSE:VBNK – Get Free Report) last posted its earnings results on Wednesday, December 10th. The company reported C$0.33 EPS for the quarter. The business had revenue of C$35.09 million during the quarter. VersaBank had a return on equity of 9.95% and a net margin of 19.94%. As a group, equities research analysts anticipate that VersaBank will post 1.6945127 EPS for the current year.

VersaBank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 31st were given a $0.025 dividend. The ex-dividend date was Friday, October 10th. This represents a $0.10 annualized dividend and a yield of 0.5%. VersaBank’s dividend payout ratio (DPR) is presently 11.11%.

VersaBank Company Profile

(Get Free Report)

VersaBank, a Canadian Schedule I chartered bank, became the world’s first fully digital financial institution when it adopted its highly efficient business-to-business model using proprietary state-of-the art financial technology to profitably address underserved markets in pursuit of superior net interest margins while mitigating risk.

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