VersaBank (VBNK) Stock Forecast, Price & News

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.

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.

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

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.

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.

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.

(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.

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

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%).

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

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.

The company employs 110 workers across the globe.

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.