VersaBank (VBNK) Projected to Post Earnings on Wednesday

VersaBank (NASDAQ:VBNK) is expected to be posting its quarterly earnings results before the market opens on Wednesday, March 5th. Analysts expect VersaBank to post earnings of $0.29 per share and revenue of $21.37 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

VersaBank (NASDAQ:VBNK) last released its earnings results on Monday, December 9th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. VersaBank had a return on equity of 11.20% and a net margin of 13.52%. On average, analysts expect VersaBank to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

VersaBank Stock Down 3.0 %

Shares of VBNK opened at $12.12 on Tuesday. The stock’s fifty day simple moving average is $13.47 and its 200-day simple moving average is $14.24. The firm has a market capitalization of $394.13 million, a PE ratio of 11.02 and a beta of 0.91. VersaBank has a 12-month low of $9.48 and a 12-month high of $18.38.

VersaBank Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given a dividend of $0.0177 per share. The ex-dividend date was Friday, January 10th. This represents a $0.07 dividend on an annualized basis and a yield of 0.58%. VersaBank’s payout ratio is presently 5.45%.

Analysts Set New Price Targets

Separately, Raymond James reissued an “outperform” rating and set a $17.00 price target (up from $15.00) on shares of VersaBank in a research note on Friday, November 8th.

About VersaBank

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.