VersaBank (TSE:VBN) Upgraded to “Strong-Buy” by Roth Capital

Roth Capital upgraded shares of VersaBank (TSE:VBN) to a strong-buy rating in a report published on Friday, Zacks.com reports.

Separately, Keefe, Bruyette & Woods upgraded VersaBank to a moderate buy rating in a research report on Tuesday, August 27th.

VersaBank Stock Performance

VersaBank (TSE:VBN) last posted its earnings results on Thursday, September 5th. The company reported C$0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.47 by C($0.11). The firm had revenue of C$27.00 million for the quarter, compared to the consensus estimate of C$29.90 million.

VersaBank Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of ∞. The ex-dividend date is Friday, October 4th.