VersaBank (NASDAQ:VBNK – Get Rating) declared a quarterly dividend on Wednesday, December 7th, Zacks reports. Investors of record on Friday, January 6th will be paid a dividend of 0.019 per share on Tuesday, January 31st. This represents a $0.08 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Thursday, January 5th.
VersaBank Trading Down 0.3 %
Shares of VBNK stock opened at $7.50 on Wednesday. VersaBank has a 12 month low of $6.55 and a 12 month high of $12.25. The stock has a market cap of $204.23 million, a P/E ratio of 12.30 and a beta of 0.45. The company has a 50 day simple moving average of $7.08 and a two-hundred day simple moving average of $7.23.
Get VersaBank alerts:Institutional Trading of VersaBank
An institutional investor recently raised its position in VersaBank stock. Alliancebernstein L.P. lifted its position in VersaBank (NASDAQ:VBNK – Get Rating) by 11.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,151,265 shares of the company's stock after purchasing an additional 115,141 shares during the period. Alliancebernstein L.P. owned about 4.22% of VersaBank worth $8,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 30.16% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have commented on VBNK shares. Raymond James reaffirmed an "outperform" rating and set a $9.00 target price on shares of VersaBank in a report on Monday, December 19th. Keefe, Bruyette & Woods started coverage on shares of VersaBank in a report on Monday, November 28th. They set an "outperform" rating for the company.VersaBank Company Profile
(Get Rating)
VersaBank provides various banking products and services in Canada and the United States. It offers deposit products, such as guaranteed investment certificates, registered retirement savings plans, daily interest savings accounts, and tax-free savings accounts, as well as deposit insurance products.
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