VersaBank (TSE:VBNK) Plans Quarterly Dividend of $0.03

VersaBank (TSE:VBNK) declared a quarterly dividend on Friday, April 10th, TickerTech Dividends reports. Stockholders of record on Thursday, April 30th will be given a dividend of 0.025 per share on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, April 10th.

VersaBank Trading Up 0.1%

VersaBank stock opened at C$20.29 on Wednesday. The firm has a market capitalization of C$650.68 million, a P/E ratio of 20.92 and a beta of 1.52. VersaBank has a 1 year low of C$12.25 and a 1 year high of C$23.77. The business has a 50-day moving average of C$20.94 and a 200-day moving average of C$19.26.

VersaBank (TSE:VBNK) last posted its earnings results on Tuesday, March 3rd. The company reported C$0.38 earnings per share (EPS) for the quarter. The company had revenue of C$36.51 million during the quarter. VersaBank had a return on equity of 5.89% and a net margin of 10.04%. Research analysts anticipate that VersaBank will post 1.6945127 EPS for the current fiscal year.

VersaBank Company Profile

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. It obtains all deposits and provides the majority of loans and leases electronically. Leveraging internally developed IT security software, VersaBank established Washington, DC based subsidiary, DRT Cyber Inc, to pursue large-market opportunities in cyber security and develop innovative solutions to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations and government entities on a daily basis.