VersaBank (VBNK) to Issue Quarterly Dividend of $0.03 on October 31st

VersaBank (TSE:VBNK) announced a quarterly dividend on Friday, October 4th, TickerTech reports. Shareholders of record on Thursday, October 31st will be paid a dividend of 0.025 per share on Thursday, October 31st. This represents a $0.10 annualized dividend and a yield of ∞. The ex-dividend date is Friday, October 4th.

VersaBank Price Performance

VersaBank has a 12 month low of C$9.96 and a 12 month high of C$18.83. The stock has a 50 day moving average price of C$16.99 and a two-hundred day moving average price of C$15.14. The company has a market cap of C$462.09 million, a P/E ratio of 10.27 and a beta of 1.08.

Analyst Ratings Changes

Separately, Raymond James cut their target price on VersaBank from C$13.00 to C$12.00 and set an “outperform” rating on the stock in a research report on Thursday, June 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.