VersaBank (TSE:VB) Trading 0.7% Higher

Shares of VersaBank (TSE:VB) traded up 0.7% on Monday . The stock traded as high as C$7.05 and last traded at C$7.01, 8,600 shares traded hands during mid-day trading. A decline of 24% from the average session volume of 11,333 shares. The stock had previously closed at C$6.96.

The firm’s 50-day simple moving average is C$6.84 and its 200 day simple moving average is C$7.19. The stock has a market capitalization of $140.87 million and a P/E ratio of 8.36.

VersaBank (TSE:VB) last issued its quarterly earnings results on Wednesday, August 28th. The company reported C$0.32 EPS for the quarter. The business had revenue of C$14.08 million during the quarter. Equities research analysts expect that VersaBank will post 0.75 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.02 per share. The ex-dividend date is Thursday, October 3rd. This represents a $0.08 annualized dividend and a yield of 1.14%. VersaBank’s payout ratio is presently 7.15%.

VersaBank Company Profile (TSE:VB)

VersaBank, a schedule 1 bank, provides banking products and services in Canada. The company offers deposit products; and commercial lending services, including short-term construction financing, long-term financing, and loan refinance and lease buy out to real estate developers and condominium corporations in selective niche markets throughout Canada.

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