Roth Capital Issues Negative Outlook for VersaBank Earnings

VersaBank (NASDAQ:VBNK - Free Report) - Equities research analysts at Roth Capital decreased their FY2025 EPS estimates for shares of VersaBank in a research note issued on Monday, June 2nd. Roth Capital analyst C. Irwin now expects that the company will earn $1.01 per share for the year, down from their previous estimate of $1.30. The consensus estimate for VersaBank's current full-year earnings is $1.46 per share.

Several other equities analysts also recently issued reports on VBNK. Roth Mkm downgraded VersaBank from a "buy" rating to a "neutral" rating and cut their price objective for the company from $22.00 to $10.40 in a research report on Thursday, March 6th. Raymond James reaffirmed an "outperform" rating and issued a $13.00 price target (down from $15.00) on shares of VersaBank in a report on Thursday.

VersaBank Price Performance

Shares of VBNK traded down $0.01 on Thursday, hitting $10.39. The company's stock had a trading volume of 67,594 shares, compared to its average volume of 70,164. The company has a market capitalization of $337.87 million, a PE ratio of 9.45 and a beta of 0.99. VersaBank has a fifty-two week low of $8.51 and a fifty-two week high of $18.38. The company has a 50 day moving average price of $10.79 and a 200 day moving average price of $12.60.

VersaBank (NASDAQ:VBNK - Get Free Report) last released its quarterly 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 firm had revenue of $21.87 million during the quarter, compared to analyst estimates of $20.77 million. VersaBank had a net margin of 13.52% and a return on equity of 11.20%.

VersaBank Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VBNK. Alliancebernstein L.P. raised its position in shares of VersaBank by 73.2% during the fourth quarter. Alliancebernstein L.P. now owns 2,708,715 shares of the company's stock worth $37,516,000 after acquiring an additional 1,144,620 shares during the last quarter. Rhino Investment Partners Inc acquired a new stake in VersaBank in the fourth quarter worth about $12,389,000. Wellington Management Group LLP bought a new stake in VersaBank during the 4th quarter worth about $5,886,000. Pacific Ridge Capital Partners LLC acquired a new position in VersaBank during the 4th quarter valued at about $5,588,000. Finally, Kennedy Capital Management LLC bought a new position in shares of VersaBank in the 4th quarter valued at about $5,235,000. 56.86% of the stock is currently owned by institutional investors.

About VersaBank

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.