VersaBank (TSE:VBNK) Trading Up 1.2% – Still a Buy?

Shares of VersaBank (TSE:VBNK) were up 1.2% on Friday . The company traded as high as C$24.62 and last traded at C$24.55. Approximately 15,238 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 30,689 shares. The stock had previously closed at C$24.27.

VersaBank Price Performance

The company has a market capitalization of C$789.70 million, a P/E ratio of 25.31 and a beta of 1.52. The business has a 50-day moving average of C$21.46 and a 200-day moving average of C$20.00.

VersaBank (TSE:VBNK) last issued its quarterly 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%. Sell-side analysts predict that VersaBank will post 1.6945127 EPS for the current fiscal year.

VersaBank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 30th were given a $0.025 dividend. The ex-dividend date was Friday, April 10th. This represents a $0.10 dividend on an annualized basis and a yield of 0.4%. VersaBank’s dividend payout ratio (DPR) is currently 10.31%.

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.