VersaBank (VBNK) to Issue Quarterly Dividend of $0.03 on April 30th

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 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Friday, April 4th.

VersaBank Price Performance

VBNK stock opened at C$14.63 on Wednesday. VersaBank has a 1 year low of C$12.94 and a 1 year high of C$25.75. The stock has a market cap of C$473.43 million, a price-to-earnings ratio of 9.51 and a beta of 1.07. The company has a 50 day simple moving average of C$17.35 and a 200 day simple moving average of C$19.53.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods cut 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.

About VersaBank

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.