Salzhauer Michael Purchases Shares of 10,000 VersaBank (NASDAQ:VBNK)

Salzhauer Michael acquired a new stake in shares of VersaBank (NASDAQ:VBNK) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 10,000 shares of the company’s stock, valued at approximately $137,000.

A number of other hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in shares of VersaBank by 44.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 50,038 shares of the company’s stock worth $540,000 after buying an additional 15,462 shares during the last quarter. Pembroke Management LTD lifted its stake in VersaBank by 45.2% during the 3rd quarter. Pembroke Management LTD now owns 50,864 shares of the company’s stock valued at $675,000 after acquiring an additional 15,834 shares during the period. Mark Sheptoff Financial Planning LLC purchased a new stake in VersaBank in the third quarter worth approximately $137,000. K2 Principal Fund L.P. bought a new stake in shares of VersaBank in the third quarter worth $211,000. Finally, Barclays PLC bought a new stake in shares of VersaBank during the 3rd quarter valued at about $32,000. Institutional investors own 56.86% of the company’s stock.

Analyst Ratings Changes

Separately, Raymond James reissued an “outperform” rating and set a $17.00 price target (up previously from $15.00) on shares of VersaBank in a report on Friday, November 8th.

VersaBank Trading Down 1.4 %

Shares of VBNK stock opened at $14.00 on Monday. The stock’s 50-day moving average price is $14.26 and its 200-day moving average price is $14.03. VersaBank has a 12-month low of $9.48 and a 12-month high of $18.38. The stock has a market capitalization of $455.14 million, a price-to-earnings ratio of 12.73 and a beta of 0.91.

VersaBank (NASDAQ:VBNK) last issued its quarterly earnings data on Monday, December 9th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. VersaBank had a return on equity of 11.20% and a net margin of 13.52%. As a group, research analysts predict that VersaBank will post 1.46 EPS for the current fiscal year.

VersaBank Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were paid a dividend of $0.0177 per share. The ex-dividend date was Friday, January 10th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.51%. VersaBank’s dividend payout ratio is 6.36%.

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.