VersaBank (TSE:VBNK) Plans $0.03 Quarterly Dividend

VersaBank (TSE:VBNK) declared a quarterly dividend on Friday, October 4th, TickerTech reports. Stockholders of record on Thursday, October 31st will be paid a dividend of 0.025 per share on Thursday, October 31st. This represents a $0.10 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Friday, October 4th.

VersaBank Price Performance

The firm’s fifty day moving average is C$16.99 and its 200-day moving average is C$15.14. VersaBank has a fifty-two week low of C$9.96 and a fifty-two week high of C$18.83. The firm has a market capitalization of C$462.09 million, a price-to-earnings ratio of 10.27 and a beta of 1.08.

Wall Street Analyst Weigh In

Separately, Raymond James decreased their target price on shares of VersaBank from C$13.00 to C$12.00 and set an “outperform” rating for the company in a research report on Thursday, June 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.