VersaBank (TSE:VBNK) Trading 12.5% Higher – Should You Buy?

VersaBank (TSE:VBNK) traded up 12.5% on Wednesday . The stock traded as high as C$28.80 and last traded at C$28.21. 106,518 shares were traded during trading, an increase of 272% from the average session volume of 28,640 shares. The stock had previously closed at C$25.08.

VersaBank Stock Performance

The firm has a market cap of C$847.60 million, a price-to-earnings ratio of 27.16 and a beta of 1.59. The firm has a 50-day moving average price of C$23.41 and a two-hundred day moving average price of C$21.34.

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

VersaBank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 30th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend 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.