VersaBank (TSE:VBNK) Declares $0.03 Quarterly Dividend

VersaBank (TSE:VBNK) declared a quarterly dividend on Friday, April 4th, TickerTech Dividends reports. Investors of record on Wednesday, April 30th will be given a dividend of 0.025 per share on Wednesday, April 30th. This represents a $0.10 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, April 4th.

VersaBank Stock Down 1.3 %

Shares of TSE:VBNK opened at C$14.63 on Wednesday. VersaBank has a 12-month low of C$12.94 and a 12-month high of C$25.75. The company’s 50 day moving average price is C$17.35 and its two-hundred day moving average price is C$19.53. The firm has a market cap of C$473.43 million, a PE ratio of 9.51 and a beta of 1.07.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lowered their price objective on VersaBank from C$27.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th.

About VersaBank

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.