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NASDAQ:VBNK

VersaBank (VBNK) Stock Price, News & Analysis

$10.60
-0.13 (-1.21%)
(As of 03:30 PM ET)
Today's Range
$10.60
$10.74
50-Day Range
$9.99
$11.90
52-Week Range
$6.36
$12.19
Volume
7,526 shs
Average Volume
26,762 shs
Market Capitalization
$275.18 million
P/E Ratio
8.35
Dividend Yield
0.57%
Price Target
$10.00

VersaBank MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
5.7% Downside
$10.00 Price Target
Short Interest
Healthy
0.12% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.96mentions of VersaBank in the last 14 days
Based on 2 Articles This Week
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.

3.77 out of 5 stars

Finance Sector

477th out of 850 stocks

Commercial Banks, Not Elsewhere Classified Industry

17th out of 27 stocks

VBNK stock logo

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

VBNK Stock News Headlines

VERSABANK TO PARTICIPATE IN UPCOMING CONFERENCES
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
Stocks in play: VersaBank
VERSABANK DECLARES DIVIDENDS
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
The Best Bank Stock to Buy Nobody in America Knows About
Closing Bell: Versabank up on Friday (VBNK)
VersaBank Full Year 2023 Earnings: EPS Misses Expectations
VersaBank (NASDAQ:VBNK) Q4 2023 Earnings Call Transcript
President of VersaBank Picks Up 2.4% More Stock
Recap: VersaBank Q4 Earnings
See More Headlines
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Company Calendar

Last Earnings
12/13/2023
Ex-Dividend for 1/31 Dividend
1/04/2024
Dividend Payable
1/31/2024
Today
3/28/2024
Ex-Dividend for 4/30 Dividend
4/04/2024
Dividend Payable
4/30/2024
Next Earnings (Estimated)
6/05/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:VBNK
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
-6.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$31.26 million
Pretax Margin
23.77%

Debt

Sales & Book Value

Annual Sales
$176.45 million
Cash Flow
$1.26 per share
Book Value
$11.09 per share

Miscellaneous

Free Float
24,591,000
Market Cap
$278.55 million
Optionable
Not Optionable
Beta
0.80
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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

VBNK Stock Analysis - Frequently Asked Questions

Should I buy or sell VersaBank stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for VersaBank in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research 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 Wall Street research analysts have issued 1 year price objectives for VersaBank's stock. Their VBNK share price targets range from $10.00 to $10.00. On average, they predict the company's share price to reach $10.00 in the next year. This suggests that the stock has a possible downside of 5.7%.
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 2024. Since then, VBNK stock has decreased by 3.2% and is now trading at $10.60.
View the best growth stocks for 2024 here
.

Are investors shorting VersaBank?

VersaBank saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 17,200 shares, a decline of 25.5% from the February 29th total of 23,100 shares. Based on an average daily trading volume, of 25,700 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the shares of the company 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) posted its quarterly earnings data on Wednesday, December, 13th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.03. The firm earned $50.85 million during the quarter, compared to analysts' expectations of $22.27 million. VersaBank had a trailing twelve-month return on equity of 12.14% and a net margin of 17.59%. During the same quarter in the previous year, the company posted $0.17 EPS.

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

VersaBank announced a quarterly dividend on Thursday, March 7th. Shareholders of record on Friday, April 5th will be paid a dividend of $0.0184 per share on Tuesday, April 30th. This represents a $0.07 annualized dividend and a yield of 0.69%. 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 $0.06 per share and currently has a dividend yield of 0.52%. The dividend payout ratio is 4.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VBNK will have a dividend payout ratio of 3.24% 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 (IPO) on Wednesday, September 22nd 2021. The company issued 4,800,000 shares at a price of $10.37 per share. Raymond James acted 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 number of retail and institutional investors. Top institutional shareholders include Mendon Capital Advisors Corp (3.21%), Hillsdale Investment Management Inc. (1.34%), Orchard Capital Management LLC (1.27%), Cox Capital Mgt LLC (0.72%), Wellington Management Group LLP (0.48%) and National Bank of Canada FI (0.34%).

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 3/28/2024 by MarketBeat.com Staff

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