VersaBank (TSE:VBNK) Trading Down 2.1% – Should You Sell?

VersaBank (TSE:VBNK) shares dropped 2.1% on Monday . The stock traded as low as C$24.33 and last traded at C$24.76. Approximately 26,876 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 28,030 shares. The stock had previously closed at C$25.28.

VersaBank Stock Down 2.1%

The company has a market capitalization of C$796.45 million, a P/E ratio of 25.53 and a beta of 1.59. The firm has a 50-day moving average price of C$22.96 and a two-hundred day moving average price of C$21.13.

VersaBank (TSE:VBNK) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported C$0.38 earnings per share for the quarter. The company had revenue of C$36.51 million during the quarter. VersaBank had a return on equity of 5.89% and a net margin of 10.04%. On average, analysts predict that VersaBank will post 1.6945127 EPS for the current fiscal year.

VersaBank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 30th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, April 10th. 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.