VersaBank (VBNK) to Distribute Quarterly Dividend of $0.03 on July 31st

VersaBank (TSE:VBNK) announced a quarterly dividend on Friday, July 10th, TickerTech Dividends reports. Investors of record on Friday, July 31st will be given a dividend of 0.025 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, July 10th.

VersaBank Trading Down 3.3%

TSE:VBNK opened at C$30.90 on Wednesday. The company has a market cap of C$994.86 million, a price-to-earnings ratio of 32.87 and a beta of 1.59. VersaBank has a twelve month low of C$13.92 and a twelve month high of C$34.00. The stock has a fifty day simple moving average of C$26.52 and a 200-day simple moving average of C$23.14.

VersaBank (TSE:VBNK) last released its quarterly earnings data on Wednesday, June 3rd. The company reported C$0.39 EPS for the quarter. The company had revenue of C$38.29 million for the quarter. VersaBank had a return on equity of 5.64% and a net margin of 9.34%. As a group, equities research analysts predict that VersaBank will post 1.6945127 EPS for the current fiscal year.

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.