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Stocks slip on Wall Street, erasing weekly gains for S&P 500
US Dollar Replaced By "Biden Bucks"? (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
The Day of Financial Reckoning Is Near (Ad)
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
3rd Massive Dollar Upheaval Has Started (Ad)
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
US Dollar Replaced By "Biden Bucks"? (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
The Day of Financial Reckoning Is Near (Ad)
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
3rd Massive Dollar Upheaval Has Started (Ad)
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
US Dollar Replaced By "Biden Bucks"? (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
The Day of Financial Reckoning Is Near (Ad)
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
3rd Massive Dollar Upheaval Has Started (Ad)
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
US Dollar Replaced By "Biden Bucks"? (Ad)
NASDAQ:VBNK

VersaBank - VBNK Stock Forecast, Price & News

$7.88
-0.02 (-0.25%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
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
0.81mentions of VersaBank in the last 14 days
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

VBNK stock logo

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

Reviewing ING Groep (NYSE:ING) and VersaBank (NASDAQ:VBNK)
VersaBank (NASDAQ:VBNK) Short Interest Up 81.3% in July
Versabank stock slipped on Friday.
Bullish insiders bet CA$1.6m on VersaBank (TSE:VBNK)
VersaBank (VBNK.TO)
See More Headlines
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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

Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:VBNK
Fax
N/A
Employees
145
Year Founded
N/A

Profitability

Net Income
$17.80 million
Pretax Margin
29.15%

Debt

Sales & Book Value

Annual Sales
$75.30 million
Cash Flow
$0.94 per share
Book Value
$9.62 per share

Miscellaneous

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













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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