VersaBank (TSE:VBNK) Reaches New 12-Month High – Still a Buy?

VersaBank (TSE:VBNK) hit a new 52-week high on Thursday . The company traded as high as C$20.80 and last traded at C$20.47, with a volume of 22201 shares changing hands. The stock had previously closed at C$19.82.

VersaBank Stock Performance

The company has a fifty day simple moving average of C$17.03 and a two-hundred day simple moving average of C$16.24. The firm has a market capitalization of C$660.00 million, a PE ratio of 22.96 and a beta of 1.14.

VersaBank (TSE:VBNK) last posted its quarterly earnings data on Wednesday, December 10th. The company reported C$0.33 earnings per share (EPS) for the quarter. The firm had revenue of C$35.09 million for the quarter. VersaBank had a net margin of 19.94% and a return on equity of 9.95%. On average, equities analysts anticipate that VersaBank will post 1.6945127 earnings per share for the current fiscal year.

VersaBank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 31st were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $0.10 dividend on an annualized basis and a yield of 0.5%. VersaBank’s payout ratio is currently 11.11%.

About VersaBank

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.