XTX Topco Ltd Takes $159,000 Position in VersaBank (NASDAQ:VBNK)

XTX Topco Ltd purchased a new stake in shares of VersaBank (NASDAQ:VBNK) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 11,471 shares of the company’s stock, valued at approximately $159,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of VBNK. Barclays PLC bought a new stake in shares of VersaBank during the third quarter valued at about $32,000. Salzhauer Michael bought a new stake in shares of VersaBank during the fourth quarter valued at about $137,000. Mark Sheptoff Financial Planning LLC increased its position in shares of VersaBank by 55.3% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 16,000 shares of the company’s stock valued at $222,000 after buying an additional 5,700 shares during the period. Bank of Montreal Can increased its position in shares of VersaBank by 11.8% during the fourth quarter. Bank of Montreal Can now owns 17,431 shares of the company’s stock valued at $239,000 after buying an additional 1,841 shares during the period. Finally, Round Rock Advisors LLC bought a new stake in shares of VersaBank during the fourth quarter valued at about $273,000. 56.86% of the stock is currently owned by institutional investors.

VersaBank Stock Performance

NASDAQ VBNK opened at $11.04 on Tuesday. VersaBank has a 52-week low of $8.51 and a 52-week high of $18.38. The company has a market capitalization of $359.01 million, a P/E ratio of 10.04 and a beta of 1.01. The company has a fifty day moving average of $10.60 and a 200-day moving average of $13.37.

VersaBank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be paid a $0.025 dividend. The ex-dividend date 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 payout ratio is currently 6.38%.

Analyst Upgrades and Downgrades

VBNK has been the subject of several research analyst reports. Roth Mkm lowered shares of VersaBank from a “buy” rating to a “neutral” rating and dropped their target price for the company from $22.00 to $10.40 in a research report on Thursday, March 6th. Roth Capital set a $10.40 price objective on shares of VersaBank in a report on Thursday, March 6th. Finally, Raymond James reaffirmed an “outperform” rating on shares of VersaBank in a report on Thursday, March 6th.

VersaBank Profile

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.