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

VersaBank (TSE:VBNK) announced a quarterly dividend on Friday, October 9th. Shareholders of record on Saturday, October 31st will be given a dividend of $0.0250 per share on Saturday, October 31st. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, October 9th.

VersaBank Stock Down 0.5%

TSE:VBNK opened at C$31.73 on Wednesday. The business’s 50-day simple moving average is C$29.23 and its two-hundred day simple moving average is C$26.78. VersaBank has a 52 week low of C$15.80 and a 52 week high of C$34.00. The stock has a market cap of C$1.03 billion, a PE ratio of 30.22 and a beta of 1.31.

VersaBank (TSE:VBNK) last released its quarterly earnings data on Thursday, September 3rd. The company reported C$0.38 earnings per share for the quarter. VersaBank had a return on equity of 6.17% and a net margin of 9.92%.The firm had revenue of C$38.81 million during the quarter. Sell-side analysts anticipate that VersaBank will post 1.6945127 earnings per share for the current fiscal year.

About VersaBank

VersaBank is a North American bank with a difference. Federally chartered in both Canada and the U.S., VersaBank has a branchless, digital, business-to-business model based on its proprietary state-of-the-art technology that enables it to profitably address underserved segments of the banking industry in a significantly risk mitigated manner. Because VersaBank obtains substantially all of its deposits and undertakes the majority of its funding activities electronically through financial intermediary partners, it benefits from significant operating leverage that drives efficiency and return on common equity.