VersaBank (TSE:VBNK) Shareholders to Get $0.03 Quarterly Dividend

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

VersaBank Stock Performance

VersaBank stock opened at C$31.73 on Wednesday. VersaBank has a fifty-two week low of C$15.80 and a fifty-two week high of C$34.00. The company has a market capitalization of C$1.03 billion, a P/E ratio of 30.22 and a beta of 1.31. The stock has a 50-day simple moving average of C$29.23 and a 200-day simple moving average of C$26.78.

VersaBank (TSE:VBNK) last released 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 for the quarter. VersaBank had a return on equity of 6.17% and a net margin of 9.92%. As a group, analysts forecast that VersaBank will post 1.6945127 earnings per share for the current 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.