NASDAQ:VBNK

VersaBank - VBNK Stock Forecast, Price & News

$7.88

-0.02 (-0.25%)

(As of 08/17/2022 12:00 AM ET)

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Today's Range: $7.76
▼
$7.99
50-Day Range: $7.00
▼
$8.21
52-Week Range: $6.98
▼
$14.30

Volume: 1,751 shs
Average Volume: 15,218 shs
Market Capitalization: $216.24 million

P/E Ratio: 11.76
Dividend Yield: 1.01%
Price Target: N/A

VersaBank MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.01% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.81
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

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

2.18 out of 5 stars

Finance Sector

588th out of 932 stocks

Commercial Banks, Not Elsewhere Classified Industry

30th out of 34 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for VersaBank.

5.0

Short Interest

Percentage of Shares Shorted
0.01% of the float of VersaBank has been sold short.
Short Interest Ratio / Days to Cover
VersaBank has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in VersaBank has recently decreased by 31.03%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
VersaBank pays a meaningful dividend of 1.01%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
VersaBank does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of VersaBank is 11.94%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for VBNK.

2.7

News and Social Media Coverage

News Sentiment
VersaBank has a news sentiment score of 0.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for VersaBank this week, compared to 0 articles on an average week.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, VersaBank insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 24.31% of the stock of VersaBank is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of VersaBank is 11.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.19.
Price to Earnings Ratio vs. Sector
The P/E ratio of VersaBank is 11.76, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 149.28.
Price to Book Value per Share Ratio
VersaBank has a P/B Ratio of 0.82. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About VersaBank (NASDAQ:VBNK) Stock

VersaBank, a schedule I chartered bank, provides various banking products and services in Canada. The company 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. It also provides lending services, including point of sale financing that involves 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. 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.

VersaBank Price Performance

Shares of NASDAQ:VBNK traded down $0.02 during trading hours on Wednesday, hitting $7.88. 1,751 shares of the company's stock were exchanged, compared to its average volume of 15,218. VersaBank has a 1-year low of $6.98 and a 1-year high of $14.30. The stock has a market capitalization of $216.24 million and a price-to-earnings ratio of 11.76. The company's 50-day moving average price is $7.43 and its 200-day moving average price is $9.44.

VersaBank (NASDAQ:VBNK - Get Rating) last posted its quarterly earnings data on Wednesday, June 1st. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). VersaBank had a return on equity of 8.29% and a net margin of 21.25%. The business had revenue of $14.71 million for the quarter, compared to analyst estimates of $19.24 million.

VersaBank Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, July 31st. Shareholders of record on Friday, July 8th were issued a $0.019 dividend. The ex-dividend date of this dividend was Thursday, July 7th. This represents a $0.08 annualized dividend and a yield of 0.96%. VersaBank's dividend payout ratio (DPR) is 11.94%.

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VBNK Stock News Headlines

August 17, 2022 | finance.yahoo.com

VERSABANK TO ANNOUNCE THIRD QUARTER 2022 FINANCIAL RESULTS ON AUGUST 31, 2022

August 17, 2022 | seekingalpha.com

VersaBank receives approval to purchase up to 1.7M shares

August 12, 2022 | americanbankingnews.com

VersaBank (NASDAQ:VBNK) vs. NatWest Group (OTCMKTS:RBSPF) Head to Head Review

August 12, 2022 | americanbankingnews.com

Critical Contrast: VersaBank (NASDAQ:VBNK) and Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF)

August 11, 2022 | americanbankingnews.com

Reviewing ING Groep (NYSE:ING) and VersaBank (NASDAQ:VBNK)

August 4, 2022 | americanbankingnews.com

DNB Bank ASA (OTCMKTS:DNBBY) & VersaBank (NASDAQ:VBNK) Critical Comparison

August 1, 2022 | americanbankingnews.com

VersaBank (NASDAQ:VBNK) Short Interest Up 81.3% in July

July 21, 2022 | finance.yahoo.com

Is VersaBank's (TSE:VBNK) Shareholder Ownership Skewed Towards Insiders?

June 26, 2022 | theglobeandmail.com

Versabank stock slipped on Friday.

June 15, 2022 | finance.yahoo.com

VERSABANK TO PARTICIPATE AT SIDOTI & COMPANY VIRTUAL INVESTOR CONFERENCE ON THURSDAY, JUNE 16, 2022 10:45 AM ET

June 15, 2022 | finance.yahoo.com

Bullish insiders bet CA$1.6m on VersaBank (TSE:VBNK)

June 14, 2022 | finance.yahoo.com

VERSABANK TO ACQUIRE OCC-CHARTERED NATIONAL US BANK, PROVIDING PLATFORM FOR GROWTH IN THE UNITED STATES

June 1, 2022 | seekingalpha.com

VersaBank's (VBNK) CEO David Taylor on Q2 2022 Results - Earnings Call Transcript

June 1, 2022 | nasdaq.com

VersaBank (VBNK) Lags Q2 Earnings and Revenue Estimates

May 25, 2022 | finance.yahoo.com

Analysts Estimate VersaBank (VBNK) to Report a Decline in Earnings: What to Look Out for

May 18, 2022 | finance.yahoo.com

VERSABANK TO ANNOUNCE SECOND QUARTER 2022 FINANCIAL RESULTS ON JUNE 1, 2022

May 16, 2022 | finance.yahoo.com

The five-year decline in earnings for VersaBank TSE:VBNK) isn't encouraging, but shareholders are still up 154% over that period

April 21, 2022 | finance.yahoo.com

VERSABANK ANNOUNCES THE RESULTS OF ITS 2022 MEETING OF SHAREHOLDERS

March 31, 2022 | finance.yahoo.com

VERSABANK ANNOUNCES FIRST U.S. POINT-OF-SALE FINANCING PARTNER

March 28, 2022 | finance.yahoo.com

VERSABANK ANNOUNCES SUCCESSFUL COMPLETION OF SOC2 AUDIT AHEAD OF ANTICIPATED COMMERCIAL LAUNCH OF REVOLUTIONARY DIGITAL DEPOSIT RECEIPTS

March 18, 2022 | finance.yahoo.com

VERSABANK'S 2022 ANNUAL MEETING TO BE HELD AT TMX MARKET CENTRE, 120 ADELAIDE STREET WEST, TORONTO - MEETING WILL ALSO BE LIVE STREAMED

March 2, 2022 | finance.yahoo.com

VersaBank (VBNK) Misses Q1 Earnings and Revenue Estimates

March 1, 2022 | nz.finance.yahoo.com

Bank of Montreal (BMO) Tops Q1 Earnings and Revenue Estimates

March 1, 2022 | finance.yahoo.com

VersaBank Appoints Financial Crime Prevention Expert and Advocate Veteran Garry Clement to Position of Chief Anti-Money Laundering Officer

February 26, 2022 | ca.finance.yahoo.com

VersaBank (VBNK.TO)

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VBNK Company Calendar

Last Earnings: 6/01/2022
Ex-Dividend for 7/31 Dividend: 7/07/2022
Dividend Payable: 7/31/2022
Today: 8/17/2022
Next Earnings (Estimated): 9/07/2022
Fiscal Year End: 10/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Commercial banks, not elsewhere classified
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:VBNK
CUSIP: N/A
CIK: 1690639
Web: www.versabank.com
Phone: (519) 675-4201
Fax: N/A
Employees: 145
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $0.67
Trailing P/E Ratio: 11.76
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $17.80 million
Net Margins: 21.25%
Pretax Margin: 29.15%
Return on Equity: 8.29%
Return on Assets: 1.07%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.19
Quick Ratio: 1.19

Sales & Book Value

Annual Sales: $75.30 million
Price / Sales: 2.87
Cash Flow: $0.94 per share
Price / Cash Flow: 8.35
Book Value: $9.62 per share
Price / Book: 0.82

Miscellaneous

Outstanding Shares: 27,441,000
Free Float: N/A
Market Cap: $216.24 million
Optionable: Not Optionable
Beta: N/A

Key Executives

Mr. David Roy Taylor B.Sc. (Age 69)
BSc (Hons), FICB, M.B.A., MBA, PPL, Pres, CEO & Director
Comp: $1.93M
Mr. R. Shawn Clarke M.B.A. (Age 51)
M.Eng., P.Eng., Chief Financial Officer
Comp: $720.02k
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
Terri Wilson
VP of Investment & Risk Control
Mr. David William Thoms B.A.
BA., M.B.A., MBA, VP of Structured & Corp. Fin.
Mr. Wooi Koay B.Com.
B.Sc., Chief Information Officer
Mr. Brent Tyler Hodge CIPP
J.D., VP, Gen. Counsel, Corp. Sec. & Chief Compliance Officer
Mr. Jonathan Francis Patrick Taylor B.B.A. (Age 62)
C.H.R.L., CHRL, Chief HR Officer
Mr. Telemaco G. Matrundola B.A.
Ph.D., M.A., Chief Strategist of Cyber Security

Key Competitors

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Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

VBNK Stock - Frequently Asked Questions

Should I buy or sell VersaBank stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for VersaBank in the last year. There are currently 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "strong buy" VBNK shares.
View VBNK analyst ratings or view top-rated stocks.
How have VBNK shares performed in 2022?: VersaBank's stock was trading at $11.90 on January 1st, 2022. Since then, VBNK shares have decreased by 33.8% and is now trading at $7.88.
View the best growth stocks for 2022 here.
When is VersaBank's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 7th 2022.
View our VBNK earnings forecast.
How were VersaBank's earnings last quarter?: VersaBank (NASDAQ:VBNK) released its quarterly earnings results on Wednesday, June, 1st. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by $0.03. The firm earned $14.71 million during the quarter, compared to analysts' expectations of $19.24 million. VersaBank had a trailing twelve-month return on equity of 8.29% and a net margin of 21.25%.
How often does VersaBank pay dividends? What is the dividend yield for VersaBank?: VersaBank announced a quarterly dividend on Wednesday, June 1st. Shareholders of record on Friday, July 8th will be paid a dividend of $0.019 per share on Sunday, July 31st. This represents a $0.08 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Thursday, July 7th.
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 1.01%. The dividend payout ratio is 11.94%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for VBNK.

When did VersaBank IPO?: (VBNK) raised $50 million in an initial public offering 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.
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 retail and institutional investors. Top institutional shareholders include Cibc World Market Inc. (4.76%), Patriot Financial Partners GP LP (4.55%), RMB Capital Management LLC (1.91%), Jacobs Asset Management LLC (1.75%), Kennedy Capital Management Inc. (0.96%) and Cox Capital Mgt LLC (0.72%).
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 $7.88.
How much money does VersaBank make?: VersaBank (NASDAQ:VBNK) has a market capitalization of $216.24 million and generates $75.30 million in revenue each year. The company earns $17.80 million in net income (profit) each year or $0.67 on an earnings per share basis.
How many employees does VersaBank have?: The company employs 145 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) 675-4201.

This page (NASDAQ:VBNK) was last updated on 8/18/2022 by MarketBeat.com Staff

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VersaBank - VBNK Stock Forecast, Price & News

VersaBank MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month