Round Rock Advisors LLC Invests in VersaBank

Round Rock Advisors LLC has recently acquired a new position in VersaBank (NASDAQ:VBNK) during the fourth quarter of the year, as outlined in the firm’s latest Form 13F filing with the SEC. This institutional investor purchased approximately 19,700 shares of VersaBank's stock, amounting to a total investment of around $273,000. At the end of the most recent quarter, Round Rock Advisors LLC held about 0.06% of the total shares of VersaBank.

In addition to Round Rock Advisors, several other institutional investors and hedge funds have either increased or decreased their investments in VersaBank. For example, K2 Principal Fund L.P. has initiated a new stake in the bank during the third quarter, valued at $211,000. Pembroke Management LTD has boosted its holdings in VersaBank by 45.2% during the same period, bringing its total shares to 50,864, worth about $675,000 after acquiring an additional 15,834 shares. Similarly, Dimensional Fund Advisors LP increased its position in VersaBank by 44.7% in the second quarter and now owns 50,038 shares valued at $540,000 after purchasing an additional 15,462 shares. Mark Sheptoff Financial Planning LLC and Barclays PLC also made new investments during the third quarter worth approximately $137,000 and $32,000, respectively. Overall, institutional investors collectively own about 56.86% of VersaBank's stock.

Recent Analyst Ratings

On a related note, Raymond James recently reaffirmed an "outperform" rating on VersaBank and has raised its price target from $15.00 to $17.00, according to a research note published on November 8th.

Read Our Latest Stock Analysis on VersaBank

VersaBank's Stock Performance

As of Friday, shares of VBNK opened at $13.84. The bank’s market capitalization stands at approximately $449.94 million, with a price-to-earnings (P/E) ratio of 12.58 and a beta of 0.91. Notably, the fifty-day simple moving average for VersaBank is $14.63, while the two-hundred day simple moving average is $13.96. The stock has experienced a 52-week low of $9.48 and a high of $18.38.

VersaBank last reported its earnings results on December 9th, announcing an earnings per share (EPS) of $0.28 for the quarter, which slightly exceeded analysts' expectations of $0.27. The bank achieved a return on equity of 11.20% along with a net margin of 13.52%. Looking ahead, analysts anticipate that VersaBank will deliver an EPS of 1.46 for the current fiscal year.

Dividend Announcement

The company also declared a quarterly dividend that was paid on January 31st. Shareholders of record as of January 10th received a dividend of $0.0177 per share, which equates to an annualized dividend of $0.07, providing a yield of 0.51%. The ex-dividend date for this distribution was also January 10th. Currently, VersaBank's dividend payout ratio is 6.36%.

About VersaBank

VersaBank offers a variety of banking products and services across Canada and the U.S. These include deposit products like web-based chequing accounts and guaranteed investment certificates, as well as lending services that encompass commercial real estate financing and residential mortgages.

Additional Resources

• Five stocks we like better than VersaBank
• Find and Profitably Trade Stocks at 52-Week Lows
• 3 Stocks to Gain From Trump’s Return-to-Office Mandate
• The Most Important Warren Buffett Stock for Investors: His Own
• Crane Stock Soars, But the Best Could Be Yet to Come: Here's Why
• How to Invest in Biotech Stocks
• ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains

Want to see what other hedge funds are holding VBNK? You can visit relevant financial websites for the latest 13F filings and insider trades for VersaBank.

Investment, Finance, Banking