VersaBank (TSE:VBNK) Hits New 12-Month High – Time to Buy?

VersaBank (TSE:VBNK) reached a new 52-week high during trading on Monday . The company traded as high as C$28.93 and last traded at C$27.14, with a volume of 1784 shares changing hands. The stock had previously closed at C$26.35.

VersaBank Trading Up 1.0%

The firm has a market cap of C$886.68 million, a PE ratio of 29.30 and a beta of 1.72. The business’s 50-day simple moving average is C$23.89 and its 200 day simple moving average is C$21.58.

VersaBank (TSE:VBNK) last posted its earnings results on Wednesday, June 3rd. The company reported C$0.39 EPS for the quarter. The business had revenue of C$38.29 million for the quarter. VersaBank had a net margin of 9.34% and a return on equity of 5.64%. Analysts expect that VersaBank will post 1.6945127 earnings per share for the current year.

VersaBank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 30th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $0.10 dividend on an annualized basis and a yield of 0.4%. VersaBank’s dividend payout ratio (DPR) is 10.64%.

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.