VersaBank (VBNK) To Go Ex-Dividend on October 9th

VersaBank (TSE:VBNK) announced a quarterly dividend on Friday, October 9th. Stockholders of record on Saturday, October 31st will be paid a dividend of $0.0250 per share on Saturday, October 31st. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, October 9th.

VersaBank Stock Down 0.5%

Shares of TSE VBNK opened at C$31.73 on Wednesday. VersaBank has a 52-week low of C$15.80 and a 52-week high of C$34.00. The stock has a market capitalization of C$1.03 billion, a PE ratio of 30.22 and a beta of 1.31. The firm has a fifty day moving average of C$29.23 and a 200-day moving average of C$26.78.

VersaBank (TSE:VBNK) last posted its quarterly earnings results on Thursday, September 3rd. The company reported C$0.38 earnings per share (EPS) for the quarter. The firm had revenue of C$38.81 million during the quarter. VersaBank had a return on equity of 6.17% and a net margin of 9.92%. Equities research analysts expect that VersaBank will post 1.6945127 EPS for the current fiscal year.

About VersaBank

VersaBank is a North American bank with a difference. Federally chartered in both Canada and the U.S., VersaBank has a branchless, digital, business-to-business model based on its proprietary state-of-the-art technology that enables it to profitably address underserved segments of the banking industry in a significantly risk mitigated manner. Because VersaBank obtains substantially all of its deposits and undertakes the majority of its funding activities electronically through financial intermediary partners, it benefits from significant operating leverage that drives efficiency and return on common equity.