VersaBank (TSE:VBNK) Trading 0.8% Higher – Should You Buy?

VersaBank (TSE:VBNK)’s stock price shot up 0.8% during trading on Thursday . The company traded as high as C$26.92 and last traded at C$26.92. 54,865 shares were traded during mid-day trading, an increase of 76% from the average session volume of 31,189 shares. The stock had previously closed at C$26.70.

VersaBank Stock Up 1.3%

The company has a 50 day simple moving average of C$28.42 and a 200-day simple moving average of C$24.77. The stock has a market cap of C$877.66 million, a price-to-earnings ratio of 29.00 and a beta of 1.56.

VersaBank (TSE:VBNK) last released its earnings results on Wednesday, June 3rd. The company reported C$0.39 EPS for the quarter. VersaBank had a return on equity of 5.64% and a net margin of 9.34%.The company had revenue of C$38.29 million for the quarter. On average, equities research analysts expect that VersaBank will post 1.6945127 EPS for the current fiscal year.

VersaBank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, July 10th. VersaBank’s dividend payout ratio (DPR) is presently 10.64%.

VersaBank Company Profile

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.