VersaBank (VBNK) Projected to Post Quarterly Earnings on Wednesday

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

VersaBank (NASDAQ:VBNK) last announced its quarterly 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 net margin of 13.52% and a return on equity of 11.20%. On average, analysts expect VersaBank to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

VersaBank Trading Up 2.3 %

VBNK opened at $12.93 on Wednesday. VersaBank has a twelve month low of $9.48 and a twelve month high of $18.38. The stock has a market cap of $420.35 million, a PE ratio of 11.75 and a beta of 0.91. The business’s 50 day moving average is $13.56 and its 200-day moving average is $14.20.

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 paid a dividend of $0.0177 per share. This represents a $0.07 annualized dividend and a yield of 0.55%. The ex-dividend date was Friday, January 10th. VersaBank’s payout ratio is currently 6.36%.

Analyst Ratings Changes

Separately, Raymond James reissued an “outperform” rating and issued a $17.00 price target (up previously 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.