VersaBank (TSE:VBNK) Sets New 12-Month High – Here’s What Happened

VersaBank (TSE:VBNK) reached a new 52-week high on Monday . The company traded as high as C$29.09 and last traded at C$28.96, with a volume of 88133 shares trading hands. The stock had previously closed at C$27.29.

VersaBank Price Performance

The firm has a market cap of C$932.40 million, a price-to-earnings ratio of 30.81 and a beta of 1.72. The stock has a 50-day moving average of C$25.44 and a 200-day moving average of C$22.53.

VersaBank (TSE:VBNK) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported C$0.39 earnings per share for the quarter. The firm had revenue of C$38.29 million during the quarter. VersaBank had a return on equity of 5.64% and a net margin of 9.34%. On average, equities analysts expect 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 paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, April 10th. VersaBank’s payout ratio is 10.64%.

About VersaBank

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.