Cox Capital Mgt LLC Has $2.07 Million Stock Position in VersaBank (NASDAQ:VBNK)

Cox Capital Mgt LLC increased its stake in shares of VersaBank (NASDAQ:VBNKFree Report) by 5.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,649 shares of the company’s stock after buying an additional 9,802 shares during the period. Cox Capital Mgt LLC owned 0.75% of VersaBank worth $2,074,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VBNK. Acadian Asset Management LLC raised its holdings in VersaBank by 24.5% during the 3rd quarter. Acadian Asset Management LLC now owns 41,005 shares of the company’s stock worth $320,000 after purchasing an additional 8,071 shares during the last quarter. Wellington Management Group LLP raised its holdings in VersaBank by 287.0% during the 4th quarter. Wellington Management Group LLP now owns 124,283 shares of the company’s stock worth $1,357,000 after purchasing an additional 92,166 shares during the last quarter. Orchard Capital Management LLC increased its stake in shares of VersaBank by 0.3% in the 4th quarter. Orchard Capital Management LLC now owns 330,372 shares of the company’s stock valued at $3,617,000 after acquiring an additional 1,000 shares during the last quarter. Hillsdale Investment Management Inc. increased its stake in shares of VersaBank by 9.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 347,913 shares of the company’s stock valued at $3,819,000 after acquiring an additional 29,982 shares during the last quarter. Finally, Mendon Capital Advisors Corp bought a new stake in shares of VersaBank in the 4th quarter valued at about $9,136,000. Institutional investors and hedge funds own 56.86% of the company’s stock.

VersaBank Trading Down 1.4 %

Shares of VBNK stock traded down $0.15 on Friday, reaching $10.72. The company had a trading volume of 131 shares, compared to its average volume of 22,828. The stock has a market cap of $278.29 million, a PE ratio of 8.24 and a beta of 0.75. The company has a 50-day moving average of $9.94 and a 200-day moving average of $10.44. VersaBank has a 12 month low of $7.20 and a 12 month high of $12.19.

VersaBank Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be paid a $0.018 dividend. The ex-dividend date is Friday, July 5th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.67%. VersaBank’s dividend payout ratio (DPR) is presently 5.30%.

About VersaBank

(Free Report)

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.

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Institutional Ownership by Quarter for VersaBank (NASDAQ:VBNK)

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