FY2025 EPS Estimates for VersaBank Lowered by Roth Capital

VersaBank (NASDAQ:VBNK - Free Report) - Investment analysts at Roth Capital reduced their FY2025 earnings per share estimates for shares of VersaBank in a report released on Monday, June 2nd. Roth Capital analyst C. Irwin now expects that the company will post earnings per share of $1.01 for the year, down from their prior estimate of $1.30. The consensus estimate for VersaBank's current full-year earnings is $1.46 per share.

A number of other research firms also recently issued reports on VBNK. Raymond James restated an "outperform" rating and issued a $13.00 price target (down from $15.00) on shares of VersaBank in a research note on Thursday. Roth Mkm downgraded VersaBank from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $22.00 to $10.40 in a research note on Thursday, March 6th.

VersaBank Stock Performance

Shares of VBNK stock traded down $0.01 on Thursday, reaching $10.39. The stock had a trading volume of 67,594 shares, compared to its average volume of 70,365. The stock has a market cap of $337.87 million, a P/E ratio of 9.45 and a beta of 0.99. VersaBank has a 1 year low of $8.51 and a 1 year high of $18.38. The company has a 50 day simple moving average of $10.79 and a 200 day simple moving average of $12.49.

VersaBank (NASDAQ:VBNK - Get Free Report) last posted its earnings results on Wednesday, June 4th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.03). The business had revenue of $21.87 million during the quarter, compared to the consensus estimate of $20.77 million. VersaBank had a return on equity of 11.20% and a net margin of 13.52%.

Hedge Funds Weigh In On VersaBank

Several institutional investors and hedge funds have recently bought and sold shares of VBNK. Alliancebernstein L.P. lifted its position in VersaBank by 73.2% during the fourth quarter. Alliancebernstein L.P. now owns 2,708,715 shares of the company's stock valued at $37,516,000 after purchasing an additional 1,144,620 shares in the last quarter. Rhino Investment Partners Inc purchased a new position in VersaBank during the fourth quarter valued at $12,389,000. Wellington Management Group LLP purchased a new position in VersaBank during the fourth quarter valued at $5,886,000. Pacific Ridge Capital Partners LLC purchased a new position in VersaBank during the fourth quarter valued at $5,588,000. Finally, Kennedy Capital Management LLC purchased a new position in VersaBank during the fourth quarter valued at $5,235,000. 56.86% of the stock is currently owned by hedge funds and other institutional investors.

VersaBank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 4th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $0.10 annualized dividend and a yield of 0.96%. VersaBank's dividend payout ratio (DPR) is presently 6.38%.

VersaBank Company Profile

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.