VersaBank (TSE:VBNK) Shares Down 0.7% – What’s Next?

VersaBank (TSE:VBNK) shares dropped 0.7% during trading on Friday . The stock traded as low as C$20.96 and last traded at C$21.14. Approximately 28,188 shares changed hands during trading, a decline of 17% from the average daily volume of 33,813 shares. The stock had previously closed at C$21.28.

VersaBank Trading Down 0.7%

The company has a market cap of C$675.34 million, a price-to-earnings ratio of 23.49 and a beta of 1.45. The stock’s fifty day simple moving average is C$19.88 and its 200 day simple moving average is C$17.48.

VersaBank (TSE:VBNK) last announced its quarterly earnings data on Wednesday, December 10th. The company reported C$0.33 EPS for the quarter. VersaBank had a return on equity of 9.95% and a net margin of 19.94%.The firm had revenue of C$35.09 million for the quarter. On average, analysts predict that VersaBank will post 1.6945127 EPS for the current year.

VersaBank Company Profile

VersaBank, a Canadian Schedule I chartered bank, became the world’s first fully digital financial institution when it adopted its highly efficient business-to-business model using proprietary state-of-the art financial technology to profitably address underserved markets in pursuit of superior net interest margins while mitigating risk. It obtains all deposits and provides the majority of loans and leases electronically. Leveraging internally developed IT security software, VersaBank established Washington, DC based subsidiary, DRT Cyber Inc, to pursue large-market opportunities in cyber security and develop innovative solutions to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations and government entities on a daily basis.