VersaBank (VBNK) to Issue Quarterly Dividend of $0.03 on January 31st

VersaBank (TSE:VBNK) announced a quarterly dividend on Friday, January 10th,TickerTech Dividends reports. Investors of record on Friday, January 31st will be paid a dividend of 0.025 per share on Friday, January 31st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Friday, January 10th.

VersaBank Stock Down 3.0 %

TSE:VBNK opened at C$19.73 on Wednesday. The firm has a market cap of C$512.19 million, a PE ratio of 11.21 and a beta of 1.07. VersaBank has a 12 month low of C$12.94 and a 12 month high of C$25.75. The company’s 50-day moving average price is C$22.02 and its two-hundred day moving average price is C$18.87.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their target price on VersaBank from C$22.00 to C$28.00 in a report on Wednesday, December 4th.

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.