VersaBank (TSE:VBNK) Sets New 12-Month High – Should You Buy?

Shares of VersaBank (TSE:VBNK) hit a new 52-week high on Monday. The stock traded as high as C$34.81 and last traded at C$34.50, with a volume of 9,345 shares traded. The stock had previously closed at C$32.51.

VersaBank Trading Up 5.5%

The company has a 50-day moving average of C$31.20 and a 200-day moving average of C$26.29. The company has a market capitalization of C$1.11 billion, a price-to-earnings ratio of 32.67 and a beta of 1.24.

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

VersaBank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Saturday, October 31st were paid a dividend of $0.0250 per share. The ex-dividend date was Friday, October 9th. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. VersaBank’s dividend payout ratio is presently 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.