VersaBank (NASDAQ:VBNK – Get Rating) is set to release its earnings data before the market opens on Wednesday, June 1st. Analysts expect VersaBank to post earnings of $0.16 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
VersaBank (NASDAQ:VBNK – Get Rating) last issued its quarterly earnings results on Wednesday, March 2nd. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). VersaBank had a return on equity of 10.16% and a net margin of 23.07%. The company had revenue of $14.42 million for the quarter, compared to the consensus estimate of $14.81 million. On average, analysts expect VersaBank to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NASDAQ VBNK opened at $8.91 on Wednesday. The firm’s 50-day moving average price is $10.39 and its two-hundred day moving average price is $11.36. VersaBank has a 52-week low of $8.02 and a 52-week high of $14.30. The stock has a market capitalization of $244.50 million and a P/E ratio of 12.04.
Large investors have recently modified their holdings of the business. Morgan Stanley bought a new position in VersaBank in the 3rd quarter worth $305,000. Royal Bank of Canada bought a new stake in VersaBank in the third quarter valued at about $571,000. Invesco Ltd. acquired a new position in VersaBank in the fourth quarter valued at about $270,000. Marshall Wace LLP acquired a new position in VersaBank in the fourth quarter valued at about $135,000. Finally, Stifel Financial Corp acquired a new position in VersaBank in the fourth quarter valued at about $1,267,000. 24.31% of the stock is owned by institutional investors.
Separately, Zacks Investment Research lowered shares of VersaBank from a “hold” rating to a “sell” rating in a research note on Wednesday, May 18th.
About VersaBank (Get Rating)
VersaBank, a schedule I chartered bank, provides various banking products and services in Canada. The company offers deposit products, such as guaranteed investment certificates, registered retirement savings plans, daily interest savings accounts, and tax-free savings accounts, as well as deposit insurance products.
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