Pembroke Management LTD Acquires 93,578 Shares of VersaBank $VBNK

Pembroke Management LTD increased its holdings in VersaBank (NASDAQ:VBNK - Free Report) by 21.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 523,185 shares of the company's stock after purchasing an additional 93,578 shares during the period. Pembroke Management LTD owned approximately 1.63% of VersaBank worth $6,388,000 as of its most recent SEC filing.A number of other large investors also recently added to or reduced their stakes in VBNK. Connors Investor Services Inc. bought a new stake in VersaBank in the second quarter worth $125,000. Salzhauer Michael lifted its stake in shares of VersaBank by 68.4% in the 2nd quarter. Salzhauer Michael now owns 16,843 shares of the company's stock valued at $192,000 after acquiring an additional 6,843 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of VersaBank by 33.0% in the 2nd quarter. First Trust Advisors LP now owns 20,753 shares of the company's stock valued at $237,000 after acquiring an additional 5,144 shares during the last quarter. Geode Capital Management LLC purchased a new stake in VersaBank during the 2nd quarter valued at about $293,000. Finally, Benjamin Edwards Inc. bought a new position in VersaBank during the 2nd quarter worth approximately $413,000. Hedge funds and other institutional investors own 56.86% of the company's stock. Analysts Set New Price TargetsVBNK has been the subject of several recent research reports. Roth Capital boosted their price objective on VersaBank from $10.00 to $13.00 and gave the company a "neutral" rating in a research report on Thursday, December 11th. Zacks Research downgraded shares of VersaBank from a "hold" rating to a "strong sell" rating in a research note on Monday, December 15th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of VersaBank in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, VersaBank currently has an average rating of "Hold" and an average target price of $12.13.Read Our Latest Analysis on VersaBankVersaBank Stock Down 1.2%NASDAQ:VBNK opened at $15.62 on Friday. The firm's fifty day simple moving average is $13.58 and its 200 day simple moving average is $12.34. The stock has a market cap of $499.06 million, a P/E ratio of 24.03 and a beta of 0.94. VersaBank has a twelve month low of $8.51 and a twelve month high of $15.99. VersaBank (NASDAQ:VBNK - Get Free Report) last posted its earnings results on Wednesday, December 10th. The company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $25.05 million during the quarter, compared to analysts' expectations of $24.48 million. VersaBank had a net margin of 9.33% and a return on equity of 7.02%. On average, analysts expect that VersaBank will post 1.46 EPS for the current fiscal year. VersaBank Dividend AnnouncementThe company also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Friday, January 9th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, January 9th. VersaBank's payout ratio is presently 10.77%. About VersaBank (Free Report)VersaBank is a Canadian Schedule I chartered bank that operates as a fully digital institution, offering a range of deposit and lending solutions through its proprietary technology platform. Headquartered in London, Ontario, the bank has chosen to forego a traditional branch network in favor of online and digital distribution, enabling it to serve clients across Canada and the United States with efficiency and lower overhead. The bank’s primary business activities include the origination and securitization of commercial loans, equipment financing, residential mortgages and construction loans.Featured StoriesFive stocks we like better than VersaBankElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthA U.S. “birthright” claim worth trillions - activated quietlyExecutive Order 14330: Trump’s Biggest Yet“Fed Proof” Your Bank Account with THESE 4 Simple StepsWant to see what other hedge funds are holding VBNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VersaBank (NASDAQ:VBNK - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in VersaBank Right Now?Before you consider VersaBank, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VersaBank wasn't on the list.While VersaBank currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here