VersaBank (VBNK) will publish quarterly earnings on Thursday

VersaBank (NASDAQ:VBNK – Get Your Free Report ) is scheduled to announce its earnings results before the market opens on Thursday, September 5th. Analysts expect the company to post earnings of $0.34 per share for the quarter. Persons interested in participating in the company’s earnings conference call may do so using this link.

VersaBank (NASDAQ:VBNK – Get Your Free Report ) last announced its earnings results on Wednesday, June 5th. The company reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33. The company had revenue of $21.01 million for the quarter, compared to analyst estimates of $21.54 million. VersaBank had a net margin of 17.02% and a return on equity of 12.26%. On average, analysts expect that VersaBank will post earnings of $1 for the current fiscal year and $2 for the next fiscal year.

VersaBank Price Performance

NASDAQ VBNK opened at $12.96 on Thursday. The company’s fifty day moving average is $11.48 and its two hundred day moving average is $10.76. VersaBank has a 52 week low of $7.24 and a 52 week high of $13.41. The firm has a market cap of $336.44 million, a price-to-earnings ratio of 9.82 and a beta of 0.77.

VersaBank cuts dividends

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 5th were paid a $0.018 dividend. This represents an annualized dividend of $0.07 and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, July 5th. VersaBank’s payout rate is currently 5.30%.

Analysts set new price targets

Separately, Keefe, Bruyette & Woods initiated coverage on VersaBank in a research note on Tuesday. They set an “outperform” rating and a $22.00 price target on the stock.

Get our latest analysis on VBNK

About VersaBank

(Get a free report)

VersaBank offers various banking products and services in Canada and the United States. It offers deposit products such as web-based checking 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 covering the purchase of loan and lease receivables from finance companies operating in various industries; Commercial banking services including commercial real estate, public sector/infrastructure financing and condominium financing; and residential mortgages.

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