VersaBank (VBNK) to Release Quarterly Earnings on Wednesday

VersaBank (NASDAQ:VBNK – Get Rating) is scheduled to be releasing its earnings data before the market opens on Wednesday, March 8th. Analysts expect VersaBank to post earnings of $0.22 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

VersaBank (NASDAQ:VBNK – Get Rating) last released its earnings results on Wednesday, December 7th. The company reported $0.17 earnings per share (EPS) for the quarter. VersaBank had a net margin of 17.14% and a return on equity of 6.54%. The firm had revenue of $18.22 million during the quarter. On average, analysts expect VersaBank to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

VersaBank Stock Performance

VBNK stock opened at $7.46 on Wednesday. The firm has a 50 day moving average price of $7.62 and a 200-day moving average price of $7.33. VersaBank has a 52-week low of $6.55 and a 52-week high of $12.00. The firm has a market capitalization of $203.14 million, a price-to-earnings ratio of 12.23 and a beta of 0.48.

VersaBank Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th were issued a dividend of $0.019 per share. The ex-dividend date was Thursday, January 5th. This represents a $0.08 annualized dividend and a dividend yield of 1.02%. VersaBank’s payout ratio is 11.48%.

Institutional Investors Weigh In On VersaBank

A number of hedge funds have recently added to or reduced their stakes in VBNK. Alliancebernstein L.P. grew its position in shares of VersaBank by 5.1% during the 4th quarter. Alliancebernstein L.P. now owns 1,210,107 shares of the company’s stock valued at $9,106,000 after acquiring an additional 58,842 shares during the period. Prelude Capital Management LLC grew its position in shares of VersaBank by 30.3% during the 1st quarter. Prelude Capital Management LLC now owns 16,753 shares of the company’s stock valued at $191,000 after acquiring an additional 3,900 shares during the period. Finally, Millennium Management LLC bought a new stake in shares of VersaBank during the 4th quarter valued at $142,000. 30.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VBNK has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods initiated coverage on shares of VersaBank in a report on Monday, November 28th. They issued an “outperform” rating for the company. Raymond James restated an “outperform” rating and issued a $9.00 price objective on shares of VersaBank in a report on Monday, December 19th.

VersaBank Company Profile

(Get Rating)

VersaBank engages in the provision of financial services. It operates through Digital Banking and DRTC. The Digital Banking segment offers business to business model using its financial technoolgy to address issues in the US banking market. The DRTC segment refers to developed IT security software and capabilities.