VersaBank (TSE:VBNK) Trading 1.2% Higher – Here’s What Happened

Shares of VersaBank (TSE:VBNK) rose 1.2% on Friday . The company traded as high as C$16.87 and last traded at C$16.59. Approximately 17,567 shares were traded during trading, a decline of 37% from the average daily volume of 27,706 shares. The stock had previously closed at C$16.40.

VersaBank Stock Up 1.2%

The firm has a market capitalization of C$539.49 million, a price-to-earnings ratio of 17.65 and a beta of 1.07. The business has a 50-day moving average of C$16.90 and a two-hundred day moving average of C$15.98.

VersaBank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 31st were given a dividend of $0.025 per share. The ex-dividend date was Friday, October 10th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.6%. VersaBank’s payout ratio is currently 10.64%.

About VersaBank

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.