Mark Sheptoff Financial Planning LLC Has $222,000 Stock Holdings in VersaBank (NASDAQ:VBNK)

Mark Sheptoff Financial Planning LLC increased its position in shares of VersaBank (NASDAQ:VBNK) by 55.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,000 shares of the company’s stock after purchasing an additional 5,700 shares during the quarter. Mark Sheptoff Financial Planning LLC’s holdings in VersaBank were worth $222,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in VBNK. Barclays PLC bought a new stake in shares of VersaBank during the third quarter worth $32,000. Salzhauer Michael bought a new stake in VersaBank during the 4th quarter worth about $137,000. K2 Principal Fund L.P. acquired a new stake in VersaBank in the 3rd quarter valued at about $211,000. Round Rock Advisors LLC bought a new position in shares of VersaBank in the fourth quarter worth about $273,000. Finally, Intact Investment Management Inc. acquired a new position in shares of VersaBank during the fourth quarter worth approximately $1,223,000. 56.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Roth Capital set a $10.40 price objective on shares of VersaBank in a research report on Thursday, March 6th. Raymond James reissued an “outperform” rating on shares of VersaBank in a research note on Thursday, March 6th. Finally, Roth Mkm lowered VersaBank from a “buy” rating to a “neutral” rating and cut their price target for the company from $22.00 to $10.40 in a research note on Thursday, March 6th.

VersaBank Stock Performance

Shares of VBNK stock opened at $10.23 on Wednesday. The firm’s 50 day moving average price is $12.44 and its two-hundred day moving average price is $13.96. VersaBank has a 52-week low of $9.48 and a 52-week high of $18.38. The stock has a market cap of $332.67 million, a PE ratio of 9.30 and a beta of 0.93.

VersaBank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Friday, April 4th. This is an increase from VersaBank’s previous quarterly dividend of $0.02. VersaBank’s dividend payout ratio is currently 6.38%.

About VersaBank

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.