VersaBank (VBNK) To Go Ex-Dividend on April 4th

VersaBank (TSE:VBNK) announced a quarterly dividend on Friday, April 4th, TickerTech Dividends reports. Shareholders of record on Wednesday, April 30th will be paid 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 Price Performance

VBNK stock opened at C$14.63 on Wednesday. VersaBank has a 1-year low of C$12.94 and a 1-year high of C$25.75. The business has a 50-day moving average price of C$17.35 and a 200 day moving average price of C$19.53. The company has a market capitalization of C$473.43 million, a P/E ratio of 9.51 and a beta of 1.07.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lowered their price target on shares of VersaBank from C$27.00 to C$22.00 and set an “outperform” rating for the company in a research report on Thursday, March 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.