VersaBank (TSE:VBNK) Stock Falls 0.2% – Time to Sell?

VersaBank (TSE:VBNK) dropped 0.2% on Wednesday. The stock traded as low as C$31.30 and last traded at C$31.37. Approximately 27,934 shares traded hands during trading, a decline of 15% from the average session volume of 32,881 shares. The stock had previously closed at C$31.43.

VersaBank Stock Down 2.6%

The stock has a fifty day moving average of C$30.78 and a 200-day moving average of C$26.04. The stock has a market capitalization of C$999.06 million, a price-to-earnings ratio of 29.35 and a beta of 1.31.

VersaBank (TSE:VBNK) last released its quarterly earnings data on Thursday, September 3rd. The company reported C$0.38 earnings per share for the quarter. The company had revenue of C$38.81 million for the quarter. VersaBank had a net margin of 9.92% and a return on equity of 6.17%. On average, equities analysts forecast that VersaBank will post 1.69 EPS for the current fiscal year.

VersaBank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Saturday, October 31st will be given a $0.0250 dividend. 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’s dividend payout ratio (DPR) is 9.52%.

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.