6 days Ago By ABMN Staff
XTX Topco Ltd purchased a new stake in VersaBank ( NASDAQ:VBNK – Free Report ) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,471 shares of the company’s stock, valued at approximately $159,000. Other institutional investors have also recently made changes to their positions in the company.
Barclays PLC bought a new stake in shares of VersaBank in the 3rd quarter valued at about $32,000. Salzhauer Michael bought a new stake in shares of VersaBank in the 4th quarter valued at $137,000. Mark Sheptoff Financial Planning LLC increased its stake in shares of VersaBank by 55.
3% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 16,000 shares of the company’s stock valued at $222,000 after acquiring an additional 5,700 shares in the last quarter. Bank of Montreal Can increased its stake in shares of VersaBank by 11.
8% in the 4th quarter. Bank of Montreal Can now owns 17,431 shares of the company’s stock valued at $239,000 after acquiring an additional 1,841 shares in the last quarter. Finally, Round Rock Advisors LLC bought a new stake in shares of VersaBank in the 4th quarter valued at $273,000.
Institutional investors own 56.86% of the company’s stock. Wall Street Analyst Weigh In A number of analysts have commented on the stock.
Raymond James restated an “outperform” rating on shares of VersaBank in a research note on Thursday, March 6th. Roth Capital set a $10.40 price target on shares of VersaBank in a research note on Thursday, March 6th.
Finally, Roth Mkm lowered shares of VersaBank from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $22.00 to $10.40 in a research note on Thursday, March 6th.
VersaBank Stock Performance Shares of NASDAQ:VBNK opened at $11.04 on Tuesday. The company’s 50-day moving average is $10.
60 and its 200 day moving average is $13.37. The company has a market capitalization of $359.
01 million, a P/E ratio of 10.04 and a beta of 1.01.
VersaBank has a fifty-two week low of $8.51 and a fifty-two week high of $18.38.
VersaBank Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be issued a dividend of $0.025 per share.
The ex-dividend date of this dividend is Friday, April 4th. This is an increase from VersaBank’s previous quarterly dividend of $0.02.
This represents a $0.10 annualized dividend and a yield of 0.91%.
VersaBank’s dividend payout ratio is 6.38%. VersaBank Profile ( Free Report ) VersaBank provides various banking products and services in Canada and the United States.
It offers deposit products, such as web-based chequing accounts, guaranteed investment certificates, registered retirement savings plans, and tax-free savings accounts, as well as deposit insurance products. The company also provides lending services, including point of sale financing that covers purchasing loan and lease receivables from finance companies operating in various industries; commercial banking services comprising commercial real estate, public sector/infrastructure financing, and condominium financing; and residential mortgages. Featured Articles Receive News & Ratings for VersaBank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VersaBank and related companies with MarketBeat.
com's FREE daily email newsletter ..
