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VersaBank (VBNK) Stock Forecast, Price & News

$7.98
+0.12 (+1.53%)
(As of 05:19 PM ET)
Compare
Today's Range
$7.98
$7.98
50-Day Range
$7.79
$8.88
52-Week Range
$6.36
$9.02
Volume
172 shs
Average Volume
21,524 shs
Market Capitalization
$206.84 million
P/E Ratio
8.14
Dividend Yield
1.00%
Price Target
$9.00

VersaBank MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
12.8% Upside
$9.00 Price Target
Short Interest
Healthy
0.08% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
31.58%
From $1.14 to $1.50 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.72 out of 5 stars

Finance Sector

381st out of 842 stocks

Commercial Banks, Not Elsewhere Classified Industry

16th out of 28 stocks


VBNK stock logo

About VersaBank (NASDAQ:VBNK) Stock

VersaBank provides various banking products and services in Canada and the United States. It 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. 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; and commercial banking services comprising commercial real estate, public sector/infrastructure financing, 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 Price History

VBNK Stock News Headlines

Closing Bell: Versabank down on Friday (VBNK)
ATTENTION: Digital Dollar Could Send this $0.25 Play Skyrocketing
In just a few days, the U.S. government could announce this mandatory recall on the U.S. dollar… And replace it with a new digital dollar. And that could send this $0.25 alternative investment skyrocketing.
VersaBank's Earnings: A Preview
Closing Bell: Versabank flat on Tuesday (VBNK-PR-A)
Closing Bell: Versabank up on Tuesday (VBNK)
Closing Bell: Versabank up on Friday (VBNK-PR-A)
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
Is VersaBank (VBNK) a Good Stock for Value Investors?
VersaBank (VBNK): A Comprehensive GF Score Analysis
VersaBank (TSE:VBNK) Will Pay A Dividend Of CA$0.025
New Strong Buy Stocks for June 13th
VBNK.TO - VersaBank
VersaBank GAAP EPS of C$0.38, revenue of C$26.69M
See More Headlines
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VBNK Company Calendar

Ex-Dividend for 7/31 Dividend
7/06/2023
Dividend Payable
7/31/2023
Last Earnings
8/30/2023
Today
9/27/2023
Ex-Dividend for 10/31 Dividend
10/05/2023
Dividend Payable
10/31/2023
Fiscal Year End
10/31/2023
Next Earnings (Estimated)
12/06/2023

Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:VBNK
Fax
N/A
Employees
110
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$9.00
High Stock Price Forecast
$9.00
Low Stock Price Forecast
$9.00
Forecasted Upside/Downside
+12.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$17.60 million
Pretax Margin
24.15%

Debt

Sales & Book Value

Annual Sales
$102.93 million
Cash Flow
$0.71 per share
Book Value
$10.55 per share

Miscellaneous

Free Float
N/A
Market Cap
$206.84 million
Optionable
Not Optionable
Beta
0.61
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Key Executives

  • Mr. David Roy Taylor B.Sc. (Age 70)
    BSc (Hons), FICB, M.B.A., MBA, PPL, Pres, CEO & Director
    Comp: $1.88M
  • Mr. R. Shawn Clarke M.B.A. (Age 52)
    M.Eng., P.Eng., Chief Financial Officer
    Comp: $759.06k
  • Mr. Jonathan Francis Patrick Taylor B.B.A. (Age 63)
    C.H.R.L., CHRL, Chief HR Officer
    Comp: $434.74k
  • 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., Sr. VP of Point-of-Sale Financing
  • Mr. Wooi Koay B.Com.
    B.Sc., Chief Information Officer
  • Mr. Brent Tyler Hodge CIPP
    J.D., Sr. VP, Gen. Counsel, Corp. Sec. & Chief Compliance Officer
  • Mr. Telemaco G. Matrundola B.A.
    M.A., Exec. VP
  • Ms. Joanne M. Johnston B.Com.
    C.A., CPA, CIA, Chief Internal Auditor
  • Ms. Tammie Ashton B.A.
    L.L.B., Chief Risk Officer













VBNK Stock - Frequently Asked Questions

Should I buy or sell VersaBank stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for VersaBank in the last year. There are currently 2 buy ratings 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 forecast for 2023?

2 analysts have issued twelve-month price objectives for VersaBank's stock. Their VBNK share price forecasts range from $9.00 to $9.00. On average, they predict the company's stock price to reach $9.00 in the next year. This suggests a possible upside of 12.8% from the stock's current price.
View analysts price targets for VBNK
or view top-rated stocks among Wall Street analysts.

How have VBNK shares performed in 2023?

VersaBank's stock was trading at $7.5250 at the beginning of 2023. Since then, VBNK stock has increased by 6.0% and is now trading at $7.98.
View the best growth stocks for 2023 here
.

When is VersaBank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 6th 2023.
View our VBNK earnings forecast
.

How were VersaBank's earnings last quarter?

VersaBank (NASDAQ:VBNK) released its quarterly earnings data on Wednesday, August, 30th. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.31 by $0.03. The business had revenue of $46.47 million for the quarter, compared to analyst estimates of $21.53 million. VersaBank had a trailing twelve-month return on equity of 10.00% and a net margin of 16.96%. During the same period last year, the business posted $0.16 earnings per share.

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

VersaBank declared a quarterly dividend on Wednesday, August 30th. Stockholders of record on Friday, October 6th will be given a dividend of $0.019 per share on Tuesday, October 31st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, October 5th. This is an increase from the stock's previous quarterly dividend of $0.02.
Read our dividend analysis for VBNK
.

Is VersaBank a good dividend stock?

VersaBank (NASDAQ:VBNK) pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.96%. The dividend payout ratio is 8.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VBNK will have a dividend payout ratio of 5.33% 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 IPO on Wednesday, September 22nd 2021. The company issued 4,800,000 shares at $10.37 per share. Raymond James acted as the underwriter for the IPO and Keefe Bruyette & Woods (A Stifel Company) was co-manager.

What is VersaBank's stock symbol?

VersaBank trades on the NASDAQ under the ticker symbol "VBNK."

Who are VersaBank's major shareholders?

VersaBank's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Alliancebernstein L.P. (6.06%), John W. Rosenthal Capital Management Inc. (1.02%), Kennedy Capital Management LLC (0.81%), National Bank of Canada FI (0.41%), Royal Bank of Canada (0.22%) and Benjamin F. Edwards & Company Inc. (0.07%).

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is VersaBank's stock price today?

One share of VBNK stock can currently be purchased for approximately $7.98.

How much money does VersaBank make?

VersaBank (NASDAQ:VBNK) has a market capitalization of $206.84 million and generates $102.93 million in revenue each year. The company earns $17.60 million in net income (profit) each year or $0.98 on an earnings per share basis.

How many employees does VersaBank have?

The company employs 110 workers across the globe.

How can I contact VersaBank?

VersaBank's mailing address is 140 Fullarton St Suite 2002, London, Ontario N6A 5P2. The official website for the company is www.versabank.com. The company can be reached via phone at (519) 645-1919.

This page (NASDAQ:VBNK) was last updated on 9/27/2023 by MarketBeat.com Staff

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