VersaBank (NASDAQ:VBNK - Get Free Report) was downgraded by equities research analysts at Roth Capital from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Wednesday,Zacks.com reports. Roth Capital also issued estimates for VersaBank's Q3 2025 earnings at $0.33 EPS.
VBNK has been the topic of a number of other research reports. Raymond James reaffirmed an "outperform" rating and set a $17.00 price target (up previously from $15.00) on shares of VersaBank in a research note on Friday, November 8th. Roth Mkm cut shares of VersaBank from a "buy" rating to a "neutral" rating and decreased their target price for the company from $22.00 to $10.40 in a research report on Thursday, March 6th.
Read Our Latest Research Report on VersaBank
VersaBank Trading Up 1.1 %
Shares of NASDAQ:VBNK traded up $0.11 during mid-day trading on Wednesday, reaching $10.05. The stock had a trading volume of 160,705 shares, compared to its average volume of 58,589. The business's 50 day moving average price is $13.20 and its 200 day moving average price is $14.19. VersaBank has a 1 year low of $9.48 and a 1 year high of $18.38. The company has a market cap of $326.82 million, a P/E ratio of 9.14 and a beta of 0.93.
VersaBank (NASDAQ:VBNK - Get Free Report) last released its quarterly earnings data on Monday, December 9th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. VersaBank had a return on equity of 11.20% and a net margin of 13.52%. Analysts predict that VersaBank will post 1.46 earnings per share for the current fiscal year.
Institutional Investors Weigh In On VersaBank
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC purchased a new position in shares of VersaBank during the 3rd quarter worth about $32,000. Mark Sheptoff Financial Planning LLC bought a new stake in VersaBank in the third quarter worth about $137,000. Salzhauer Michael purchased a new position in shares of VersaBank during the fourth quarter valued at approximately $137,000. XTX Topco Ltd bought a new position in shares of VersaBank during the fourth quarter valued at approximately $159,000. Finally, K2 Principal Fund L.P. purchased a new stake in shares of VersaBank in the third quarter worth approximately $211,000. Hedge funds and other institutional investors own 56.86% of the company's stock.
VersaBank Company Profile
(
Get Free Report)
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.
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