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Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
NASDAQ:VBNK

VersaBank (VBNK) Stock Price, News & Analysis

$10.87
+0.71 (+6.99%)
(As of 03/18/2024 ET)
Today's Range
$10.00
$10.99
50-Day Range
$9.99
$11.90
52-Week Range
$6.36
$12.19
Volume
31,259 shs
Average Volume
27,820 shs
Market Capitalization
$282.19 million
P/E Ratio
8.56
Dividend Yield
0.55%
Price Target
$10.00

VersaBank MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
8.0% Downside
$10.00 Price Target
Short Interest
Healthy
0.17% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.71mentions 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.

2.55 out of 5 stars

Finance Sector

592nd out of 882 stocks

Commercial Banks, Not Elsewhere Classified Industry

25th out of 31 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
Make This $3 Trade the Instant the Opening Bell Rings
Since the birth of Wall Street, one simple rule has remained the same.... Buy stocks that are cheap....When they’re on sale…. And when nobody else is looking…
Stocks in play: VersaBank
VERSABANK DECLARES DIVIDENDS
AI Cracks Open Largest Untapped Energy Reserve on Earth
This orb represents the largest untapped energy source in the world… And although this energy resource is unknown by 99% of the public… It makes gas, coal, oil, wind, hydropower, solar, fusion… 
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
3/18/2024
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
-8.0%
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
$1.37 per share
Book Value
$11.09 per share

Miscellaneous

Free Float
24,591,000
Market Cap
$282.19 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: $1.89M
  • Mr. R. Shawn Clarke M.B.A. (Age 53)
    M.Eng., P.Eng., Chief Operating Officer
    Comp: $763.72k
  • Mr. Jonathan Francis Patrick Taylor B.B.A. (Age 64)
    C.H.R.L., CHRL, Chief Human Resources Officer
    Comp: $437.41k
  • 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. John W. Asma B.A. (Hons.)
    M.B.A., Chief Financial Officer
  • 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. 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 twelve months. 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 12 month 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 8.0%.
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 start of the year. Since then, VBNK stock has decreased by 0.7% and is now trading at $10.87.
View the best growth stocks for 2024 here
.

Are investors shorting VersaBank?

VersaBank saw a increase in short interest in February. As of February 29th, there was short interest totaling 23,100 shares, an increase of 120.0% from the February 14th total of 10,500 shares. Based on an average daily trading volume, of 24,700 shares, the short-interest ratio is currently 0.9 days. Currently, 0.2% of the shares of the 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 earnings results on Wednesday, December, 13th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm had revenue of $50.85 million for the quarter, compared to the consensus estimate 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 period in the prior year, the company earned $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. Stockholders 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 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date 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 0.56%. 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?

(VBNK) raised $50 million in an initial public offering (IPO) on Wednesday, September 22nd 2021. The company issued 4,800,000 shares at $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 many different retail and institutional investors. Top institutional investors 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 3/18/2024 by MarketBeat.com Staff

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