VersaBank (TSE:VBNK) Sets New 52-Week High – Should You Buy?
by Mitch Edgeman · The Markets DailyVersaBank (TSE:VBNK – Get Free Report) shares reached a new 52-week high during trading on Friday . The company traded as high as C$21.45 and last traded at C$21.42, with a volume of 22882 shares changing hands. The stock had previously closed at C$20.83.
VersaBank Price Performance
The stock has a market cap of C$685.88 million, a PE ratio of 23.86 and a beta of 1.45. The firm has a 50 day moving average of C$18.24 and a two-hundred day moving average of C$16.84.
VersaBank (TSE:VBNK – Get Free Report) last issued its quarterly earnings data on Wednesday, December 10th. The company reported C$0.33 earnings per share for the quarter. The company 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 analysts anticipate that VersaBank will post 1.6945127 EPS for the current fiscal year.
About VersaBank
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. It obtains all deposits and provides the majority of loans and leases electronically. Leveraging internally developed IT security software, VersaBank established Washington, DC based subsidiary, DRT Cyber Inc, to pursue large-market opportunities in cyber security and develop innovative solutions to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations and government entities on a daily basis.