Should I buy or sell VersaBank stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for VersaBank in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" VBNK shares. View VBNK analyst ratings or view top-rated stocks .

What is VersaBank's stock price target for 2024?

1 equities research analysts have issued 12 month price objectives for VersaBank's shares. Their VBNK share price targets range from $10.00 to $10.00. On average, they anticipate the company's stock price to reach $10.00 in the next twelve months. This suggests that the stock has a possible downside of 0.1%. View analysts price targets for VBNK or view top-rated stocks among Wall Street analysts .

How have VBNK shares performed in 2024?

VersaBank's stock was trading at $10.95 at the beginning of the year. Since then, VBNK shares have decreased by 8.6% and is now trading at $10.01. View the best growth stocks for 2024 here .

Are investors shorting VersaBank?

VersaBank saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 32,400 shares, an increase of 88.4% from the March 15th total of 17,200 shares. Based on an average daily volume of 29,300 shares, the short-interest ratio is presently 1.1 days. Currently, 0.2% of the company's stock are short sold. View VersaBank's Short Interest .

When is VersaBank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 5th 2024. View our VBNK earnings forecast .

How were VersaBank's earnings last quarter?

VersaBank (NASDAQ:VBNK) released its quarterly earnings data on Wednesday, March, 6th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.05. The company earned $21.35 million during the quarter, compared to analysts' expectations of $22.05 million. VersaBank had a trailing twelve-month return on equity of 12.14% and a net margin of 17.59%.

How often does VersaBank pay dividends? What is the dividend yield for VersaBank?

VersaBank declared a quarterly dividend on Thursday, March 7th. Shareholders of record on Friday, April 5th will be given a dividend of $0.0184 per share on Tuesday, April 30th. This represents a $0.07 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, April 4th. Read our dividend analysis for VBNK .

Is VersaBank a good dividend stock?

VersaBank (NASDAQ:VBNK) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.39%. The dividend payout ratio is 3.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VBNK will have a dividend payout ratio of 2.16% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for VBNK .

When did VersaBank IPO?

VersaBank (VBNK) raised $50 million in an initial public offering on Wednesday, September 22nd 2021. The company issued 4,800,000 shares at a price of $10.37 per share. Raymond James served as the underwriter for the IPO and Keefe Bruyette & Woods (A Stifel Company) was co-manager.

Who are VersaBank's major shareholders?

VersaBank's stock is owned by a variety of institutional and retail investors. Top institutional investors include Cox Capital Mgt LLC (0.75%).

How do I buy shares of VersaBank?

Shares of VBNK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:VBNK

VersaBank (VBNK) Stock Price, News & Analysis

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$10.01

+0.40 (+4.16%)

(As of 04/17/2024 ET)

Compare

Today's Range: $9.71
▼
$10.01
50-Day Range: $9.61
▼
$11.90
52-Week Range: $6.36
▼
$12.19

Volume: 2,773 shs
Average Volume: 29,177 shs
Market Capitalization: $259.86 million

P/E Ratio: 7.88
Dividend Yield: 0.40%
Price Target: $10.00

Get VersaBank alerts:

VersaBank MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 0.1% Downside
$10.00 Price Target
Short Interest: Healthy
0.23% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 27.59%
From $1.45 to $1.85 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.24 out of 5 stars

Finance Sector

588th out of 827 stocks

Commercial Banks, Not Elsewhere Classified Industry

24th out of 27 stocks

1.5

Analyst's Opinion

Consensus Rating
VersaBank has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
VersaBank has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.23% of the float of VersaBank has been sold short.
Short Interest Ratio / Days to Cover
VersaBank has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in VersaBank has recently increased by 88.37%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
VersaBank has a dividend yield of 0.39%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
VersaBank does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of VersaBank is 3.15%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, VersaBank will have a dividend payout ratio of 2.16% next year. This indicates that VersaBank will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for VBNK.

1.4

News and Social Media Coverage

News Sentiment
VersaBank has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for VersaBank this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for VBNK on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, VersaBank insiders have not sold or bought any company stock.
Percentage Held by Institutions
56.86% of the stock of VersaBank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for VersaBank are expected to grow by 27.59% in the coming year, from $1.45 to $1.85 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of VersaBank is 7.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.94.
Price to Earnings Ratio vs. Sector
The P/E ratio of VersaBank is 7.88, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 56.75.
Price to Book Value per Share Ratio
VersaBank has a P/B Ratio of 0.93. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About VersaBank Stock (NASDAQ:VBNK)

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. In addition, it offers cybersecurity services. 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.

VBNK Stock Price History

30 days | 90 days | 365 days | Advanced Chart

VBNK Stock News Headlines

April 3, 2024 | prnewswire.com

VERSABANK'S 2024 ANNUAL AND SPECIAL MEETING TO BE HELD ON APRIL 17, 2024 - MEETING WILL ALSO BE LIVE STREAMED

March 11, 2024 | finance.yahoo.com

VERSABANK TO PARTICIPATE IN UPCOMING CONFERENCES

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March 9, 2024 | finance.yahoo.com

VersaBank First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

March 7, 2024 | finance.yahoo.com

VersaBank (NASDAQ:VBNK) Q1 2024 Earnings Call Transcript

March 6, 2024 | ca.finance.yahoo.com

Stocks in play: VersaBank

March 6, 2024 | prnewswire.com

VERSABANK REPORTS RESULTS FOR FIRST QUARTER FISCAL 2024: CONTINUED ROBUST GROWTH IN POINT-OF-SALE RECEIVABLE PURCHASE PROGRAM DRIVES 41% YEAR-OVER-YEAR INCREASE IN EPS TO ANOTHER NEW RECORD[1]

March 6, 2024 | prnewswire.com

VERSABANK DECLARES DIVIDENDS

April 17, 2024 | Crypto Swap Profits (Ad)

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March 1, 2024 | finance.yahoo.com

VersaBank (VBNK) Stock Historical Prices & Data - Yahoo Finance

February 21, 2024 | finance.yahoo.com

VERSABANK TO HOST FIRST QUARTER FISCAL 2024 FINANCIAL RESULTS CONFERENCE CALL/WEBCAST WEDNESDAY, MARCH 6, 2024 AT 9:00 A.M. ET

February 21, 2024 | prnewswire.com

VERSABANK TO HOST FIRST QUARTER FISCAL 2024 FINANCIAL RESULTS CONFERENCE CALL/WEBCAST WEDNESDAY, MARCH 6, 2024 AT 9:00 A.M. ET

February 21, 2024 | prnewswire.com

VERSABANK PARTICIPATES IN 2024 KBW FINTECH & PAYMENTS CONFERENCE FEBRUARY 27-29, 2024

February 15, 2024 | finance.yahoo.com

Investors in VersaBank (TSE:VBNK) have seen splendid returns of 107% over the past five years

January 24, 2024 | theglobeandmail.com

The Best Bank Stock to Buy Nobody in America Knows About

December 29, 2023 | theglobeandmail.com

Closing Bell: Versabank up on Friday (VBNK)

December 21, 2023 | finance.yahoo.com

VersaBank donates $50,000 to Salvation Army to support Harvest Hope food security campaign

December 19, 2023 | finance.yahoo.com

VersaBank Full Year 2023 Earnings: EPS Misses Expectations

December 19, 2023 | finance.yahoo.com

VersaBank (NASDAQ:VBNK) Q4 2023 Earnings Call Transcript

December 18, 2023 | finance.yahoo.com

President of VersaBank Picks Up 2.4% More Stock

December 13, 2023 | benzinga.com

Recap: VersaBank Q4 Earnings

December 13, 2023 | msn.com

VersaBank 7% 5YR PFD SER 1 declares $0.1693 dividend

December 13, 2023 | msn.com

VersaBank (VBNK) Surpasses Q4 Earnings Estimates

December 8, 2023 | finance.yahoo.com

VersaBank to Report Fourth Quarter and Fiscal 2023 Year End Results Wednesday, December 13, 2023 at 7:00 a.m. ET

November 27, 2023 | finance.yahoo.com

VersaBank (TSE:VBNK) stock most popular amongst private companies who own 33%, while individual investors hold 31%

November 15, 2023 | nasdaq.com

PennantPark (PFLT) Q4 Earnings and Revenues Top Estimates

November 14, 2023 | msn.com

Investcorp (ICMB) Lags Q1 Earnings Estimates

See More Headlines

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Company Calendar

Ex-Dividend for 1/31 Dividend: 1/04/2024
Dividend Payable: 1/31/2024
Last Earnings: 3/06/2024
Ex-Dividend for 4/30 Dividend: 4/04/2024
Today: 4/17/2024
Dividend Payable: 4/30/2024
Next Earnings (Estimated): 6/05/2024
Fiscal Year End: 10/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Commercial banks, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NASDAQ:VBNK
CUSIP: N/A
CIK: 1690639
Web: www.versabank.com
Phone: (519) 645-1919
Fax: N/A
Employees: 119
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $10.00
High Stock Price Target: $10.00
Low Stock Price Target: $10.00
Potential Upside/Downside: -0.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.27
Trailing P/E Ratio: 7.88
Forward P/E Ratio: 6.90
P/E Growth: N/A
Net Income: $31.26 million
Net Margins: 17.59%
Pretax Margin: 23.77%
Return on Equity: 12.14%
Return on Assets: 1.11%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.10
Quick Ratio: 1.10

Sales & Book Value

Annual Sales: $176.45 million
Price / Sales: 1.47
Cash Flow: $1.31 per share
Price / Cash Flow: 7.66
Book Value: $10.77 per share
Price / Book: 0.93

Miscellaneous

Outstanding Shares: 25,960,000
Free Float: N/A
Market Cap: $259.86 million
Optionable: Not Optionable
Beta: 0.77

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Key Executives

Mr. David Roy Taylor B.Sc. (Age 71)
BSc (Hons), FICB, M.B.A., MBA, PPL, President, CEO & Director
Comp: $1.22M
Mr. John W. Asma B.A. (Hons.)
M.B.A., Chief Financial Officer
Mr. R. Shawn Clarke M.B.A. (Age 53)
M.Eng., P.Eng., Chief Operating Officer
Comp: $421.18k
Mr. Nikola Kristo B.Com.
M.B.A., B.Comm, MBA, Chief Credit Officer
Mr. Michael Richard Dixon B.Com.
B.Comm., M.B.A., Senior Vice President of Point-of-Sale Financing
Mr. Wooi Koay B.Com.
B.Sc., Chief Information Officer
Mr. Brent Tyler Hodge CIPP
J.D., Senior VP, General Counsel, Corporate Secretary & Chief Compliance Officer
Mr. Jonathan Francis Patrick Taylor B.B.A. (Age 64)
C.H.R.L., CHRL, Chief Human Resources Officer
Comp: $437.08k
Mr. Telemaco G. Matrundola B.A.
M.A., Executive Vice President
Ms. Joanne M. Johnston B.Com.
C.A., CPA, CIA, Chief Internal Auditor

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

VBNK Stock Analysis - Frequently Asked Questions

Should I buy or sell VersaBank stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for VersaBank in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" VBNK shares.
View VBNK analyst ratings or view top-rated stocks.
What is VersaBank's stock price target for 2024?: 1 equities research analysts have issued 12 month price objectives for VersaBank's shares. Their VBNK share price targets range from $10.00 to $10.00. On average, they anticipate the company's stock price to reach $10.00 in the next twelve months. This suggests that the stock has a possible downside of 0.1%.
View analysts price targets for VBNK or view top-rated stocks among Wall Street analysts.
How have VBNK shares performed in 2024?: VersaBank's stock was trading at $10.95 at the beginning of the year. Since then, VBNK shares have decreased by 8.6% and is now trading at $10.01.
View the best growth stocks for 2024 here.
Are investors shorting VersaBank?: VersaBank saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 32,400 shares, an increase of 88.4% from the March 15th total of 17,200 shares. Based on an average daily volume of 29,300 shares, the short-interest ratio is presently 1.1 days. Currently, 0.2% of the company's stock are short sold.
View VersaBank's Short Interest.
When is VersaBank's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 5th 2024.
View our VBNK earnings forecast.
How were VersaBank's earnings last quarter?: VersaBank (NASDAQ:VBNK) released its quarterly earnings data on Wednesday, March, 6th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.05. The company earned $21.35 million during the quarter, compared to analysts' expectations of $22.05 million. VersaBank had a trailing twelve-month return on equity of 12.14% and a net margin of 17.59%.

How often does VersaBank pay dividends? What is the dividend yield for VersaBank?: VersaBank declared a quarterly dividend on Thursday, March 7th. Shareholders of record on Friday, April 5th will be given a dividend of $0.0184 per share on Tuesday, April 30th. This represents a $0.07 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, April 4th.
Read our dividend analysis for VBNK.
Is VersaBank a good dividend stock?: VersaBank (NASDAQ:VBNK) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.39%. The dividend payout ratio is 3.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VBNK will have a dividend payout ratio of 2.16% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VBNK.
When did VersaBank IPO?: VersaBank (VBNK) raised $50 million in an initial public offering on Wednesday, September 22nd 2021. The company issued 4,800,000 shares at a price of $10.37 per share. Raymond James served as the underwriter for the IPO and Keefe Bruyette & Woods (A Stifel Company) was co-manager.
Who are VersaBank's major shareholders?: VersaBank's stock is owned by a variety of institutional and retail investors. Top institutional investors include Cox Capital Mgt LLC (0.75%).
How do I buy shares of VersaBank?: Shares of VBNK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:VBNK) was last updated on 4/17/2024 by MarketBeat.com Staff

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