VersaBank (TSE:VBNK) Releases Earnings Results

VersaBank (TSE:VBNK) posted its quarterly earnings data on Wednesday. The company reported C$0.39 EPS for the quarter, FiscalAI reports. VersaBank had a return on equity of 5.64% and a net margin of 9.34%.The firm had revenue of C$38.29 million during the quarter.

VersaBank Stock Down 4.4%

TSE VBNK opened at C$26.35 on Friday. VersaBank has a 52 week low of C$13.92 and a 52 week high of C$28.80. The company has a market capitalization of C$847.60 million, a P/E ratio of 27.16 and a beta of 1.59. The stock’s 50-day moving average price is C$23.41 and its 200-day moving average price is C$21.34.

VersaBank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 30th were paid a $0.025 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $0.10 annualized dividend and a dividend yield of 0.4%. VersaBank’s dividend payout ratio (DPR) is 10.31%.

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.