According to Zacks, “VersaBank is a Schedule I chartered bank. It provides deposit and lending solutions for financial intermediaries as well as internally developed IT security software. VersaBank is based in LONDON, ON. “
VBNK traded up $0.03 on Wednesday, hitting $8.60. 1,853 shares of the stock traded hands, compared to its average volume of 14,716. The business has a fifty day moving average price of $10.58 and a two-hundred day moving average price of $11.48. The firm has a market capitalization of $235.98 million and a PE ratio of 11.62. VersaBank has a 52 week low of $8.02 and a 52 week high of $14.30.
Institutional investors have recently made changes to their positions in the business. Marshall Wace LLP acquired a new stake in shares of VersaBank in the 4th quarter valued at $135,000. Prelude Capital Management LLC boosted its stake in shares of VersaBank by 30.3% in the 1st quarter. Prelude Capital Management LLC now owns 16,753 shares of the company’s stock valued at $191,000 after purchasing an additional 3,900 shares in the last quarter. Invesco Ltd. acquired a new stake in shares of VersaBank in the 4th quarter valued at $270,000. Morgan Stanley acquired a new stake in shares of VersaBank in the 3rd quarter valued at $305,000. Finally, Raymond James & Associates acquired a new stake in shares of VersaBank in the 4th quarter valued at $331,000. 24.31% of the stock is currently owned by hedge funds and other institutional investors.
About VersaBank (Get Rating)
VersaBank, a schedule I chartered bank, provides various banking products and services in Canada. The company offers deposit products, such as guaranteed investment certificates, registered retirement savings plans, daily interest savings accounts, and tax-free savings accounts, as well as deposit insurance products.
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