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Realtime updates for VersaBank [VBNK.TO]

Exchange: TSX Sector: Financial Services Industry: Banks—Regional
Last Updated24 Apr 2024 @ 15:59

2.87% $ 13.64

Live Chart Being Loaded With Signals

Commentary (24 Apr 2024 @ 15:59):

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...

Stats
Today's Volume 1 542.00
Average Volume 12 245.00
Market Cap 354.15M
EPS $0 ( 2024-03-05 )
Next earnings date ( $0.440 ) 2024-06-05
Last Dividend $0.0250 ( 2023-07-06 )
Next Dividend $0 ( N/A )
P/E 8.69
ATR14 $0.0310 (0.23%)

VersaBank Correlation

10 Most Positive Correlations
10 Most Negative Correlations

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

VersaBank Financials

Annual 2023
Revenue: $108.64M
Gross Profit: $108.64M (100.00 %)
EPS: $1.570
Q1 2024
Revenue: $71.58M
Gross Profit: $71.58M (100.00 %)
EPS: $0.490
Q4 2023
Revenue: $29.17M
Gross Profit: $29.17M (100.00 %)
EPS: $0.470
Q3 2023
Revenue: $26.86M
Gross Profit: $26.86M (100.00 %)
EPS: $0.380

Financial Reports:

No articles found.

VersaBank Dividends

(Q3/22) (Q4/22) (Q1/23) (Q2/23) (Q3/23) (Q4/23) (Q1/24) (Q2/24) (Q3/24) (Q4/24)
$0.0250
(N/A)
$0.0250
(N/A)
$0.0250
(N/A)
$0.0250
(N/A)
$0.0250
(N/A)
$0
(N/A)
$0
(N/A)
$0
(N/A)
$0
(N/A)
$0
(N/A)

VersaBank Dividend Information - Dividend Knight

Dividend Sustainability Score: 8.33 - good (83.26%) | Divividend Growth Potential Score: 2.79 - Decrease likely (44.29%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information
First Dividend $0.0100 2018-01-04
Last Dividend $0.0250 2023-07-06
Next Dividend $0 N/A
Payout Date 2023-07-31
Next Payout Date N/A
# dividends 24 --
Total Paid Out $0.485 --
Avg. Dividend % Per Year 0.56% --
Score 3.63 --
Div. Sustainability Score 8.33
Div.Growth Potential Score 2.79
Div. Directional Score 5.56 --
Next Divdend (Est)
(2024-07-15)
$0 Estimate 22.14 %
Dividend Stability
0.59 Average
Dividend Score
3.63
Pay Frequency
Quarterly
Yearly Payout
Year Amount Yield
2018 $0.0400 0.60%
2019 $0.0700 0.98%
2020 $0.100 1.32%
2021 $0.100 1.09%
2022 $0.100 0.65%
2023 $0.0750 0.74%
2024 $0 0.00%

Dividend Commentary

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. On the whole, the dividend outlook remains neutral, meriting close observation of both the company's financial health and growth prospects.

Top 10 dividend Companies for TSX

Symbol Title Last dividend Frequency Years Dividend Yearly Dividend Score
XMC.TO Dividend Junior 2023-06-26 Semi-Annually 10 0.62%
QAH.TO Dividend Junior 2023-06-19 Quarterly 7 0.73%
FQC.TO Dividend Knight 2023-09-22 Quarterly 13 1.08%
AFN.TO Dividend King 2023-09-28 Quarterly 19 0.99%
VCB.TO Dividend King 2023-08-31 Monthly 8 1.75%
MRD.TO Dividend King 2023-09-14 Quarterly 29 2.84%
DCU.TO Dividend Knight 2023-09-21 Monthly 8 1.68%
XUH.TO Dividend Junior 2023-06-26 Quarterly 10 0.66%
RSI.TO Dividend King 2023-09-28 Quarterly 22 3.83%
HAZ.TO Dividend Knight 2023-06-29 Quarterly 14 1.31%

Dividend Sustainability Score (DSS)

RatioActual ValueWeightNormalized ValueScoreRange
netProfitMarginTTM0.2951.5004.116.16[0 - 0.5]
returnOnAssetsTTM0.01051.2009.6510.00[0 - 0.3]
returnOnEquityTTM0.1221.5009.7510.00[0.1 - 1]
payoutRatioTTM0.0789-1.0009.21-9.21[0 - 1]
currentRatioTTM13.210.80010.008.00[1 - 3]
quickRatioTTM12.790.80010.008.00[0.8 - 2.5]
cashRatioTTM12.791.50010.0010.00[0.2 - 2]
debtRatioTTM0.0240-1.5009.60-10.00[0 - 0.6]
interestCoverageTTM0.8571.000-0.794-0.794[3 - 30]
operatingCashFlowPerShareTTM-0.7812.00-0.260-0.521[0 - 30]
freeCashFlowPerShareTTM-1.4102.00-0.705-1.410[0 - 20]
debtEquityRatioTTM0.266-1.5008.94-10.00[0 - 2.5]
grossProfitMarginTTM1.0001.00010.0010.00[0.2 - 0.8]
operatingProfitMarginTTM0.5861.0000.2840.284[0.1 - 0.6]
cashFlowToDebtRatioTTM-0.1961.000-2.20-2.20[0.2 - 2]
assetTurnoverTTM0.03580.800-3.09-2.48[0.5 - 2]
Total Score8.33

Dividend Growth Score (DGS)

RatioActual ValueWeightNormalized ValueScoreRange
peRatioTTM7.581.0009.340[1 - 100]
returnOnEquityTTM0.1222.509.8410.00[0.1 - 1.5]
freeCashFlowPerShareTTM-1.4102.00-0.470-1.410[0 - 30]
dividendYielPercentageTTM0.5661.50010.000[0 - 0.4]
operatingCashFlowPerShareTTM-0.7812.00-0.260-0.521[0 - 30]
payoutRatioTTM0.07891.5009.21-9.21[0 - 1]
pegRatioTTM0.07671.500-2.820[0.5 - 2]
operatingCashFlowSalesRatioTTM-0.1311.000-5.790[0.1 - 0.5]
Total Score2.79

VersaBank

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. It also provides lending services, including point of sale financing that involves purchasing loan and lease receivables from finance companies operating in various industries; and commercial banking services comprising commercial real estate, public sector/infrastructure financing, condominium financing, and residential mortgages. The company was formerly known as Pacific & Western Bank of Canada and changed its name to VersaBank in May 2016. VersaBank was incorporated in 1979 and is headquartered in London, Canada.

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