VersaBank (VBNK) Stock Price, News & Analysis

Company Overview

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. 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.

Key Stats

• Today's Range: C$18.78 to C$19.73
• 50-Day Range: C$19.05 to C$25.42
• 52-Week Range: C$12.94 to C$25.75
• Volume: 40,607 shs
• Average Volume: 19,573 shs
• Market Capitalization: C$502.07 million
• P/E Ratio: 10.99
• Dividend Yield: 0.52%
• Price Target: C$20.00
• Consensus Rating: Buy

VersaBank Stock Analysis - MarketRank™

VersaBank scored higher than 13% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

VersaBank has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

VersaBank has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of VersaBank is 10.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.39.

Price to Earnings Ratio vs. Sector

The P/E ratio of VersaBank is 10.99, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 419.53.

Price to Book Value per Share Ratio

VersaBank has a P/B Ratio of 1.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for VBNK.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

VersaBank has a dividend yield of 0.48%, which is in 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 5.68%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for VBNK.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

Search Interest

4 people have searched for VBNK on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, VersaBank insiders have not sold or bought any company stock.

Percentage Held by Insiders

38.79% of the stock of VersaBank is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 21.61% of the stock of VersaBank is held by institutions.

VBNK Stock Analysis - Frequently Asked Questions

How have VBNK shares performed this year?

VersaBank's stock was trading at C$14.54 on January 1st, 2024. Since then, VBNK shares have increased by 33.0% and is now trading at C$19.34.
View the best growth stocks for 2024 here.

How do I buy shares of VersaBank?

Shares of VBNK stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of VersaBank own?

Based on aggregate information from My MarketBeat watchlists, some other companies that VersaBank investors own include Walgreens Boots Alliance (WBA), Enbridge (ENB), Fairfax Financial (FFH), Pfizer (PFE), American Airlines Group (AAL), British American Tobacco (BTI) and Icahn Enterprises (IEP).

Company Calendar

• Ex-Dividend for 10/31 Dividend: 10/04/2024
• Dividend Payable: 10/31/2024
• Today: 12/21/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Financial Services
• Industry: Banks - Regional
• Sub-Industry: Banking
• Current Symbol: TSE:VBNK
• CUSIP: N/A
• CIK: N/A
• Web: www.versabank.com
• Phone: 519-645-1919
• Fax: N/A
• Employees: 100
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$20.00
• High Stock Price Target: C$28.00
• Low Stock Price Target: C$12.00
• Potential Upside/Downside: +3.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$1.76
• Trailing P/E Ratio: 10.99
• Forward P/E Ratio: 11.41
• P/E Growth: N/A
• Net Income: C$45.72 million
• Net Margins: 41.04%
• Pretax Margin: N/A
• Return on Equity: 12.07%
• Return on Assets: 1.10%

Debt

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

Sales & Book Value

• Annual Sales: C$113.82 million
• Price / Sales: 4.41
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: C$15.23 per share
• Price / Book: 1.27

Miscellaneous

• Outstanding Shares: 25,960,000
• Free Float: N/A
• Market Cap: C$502.07 million
• Optionable: Not Optionable
• Beta: 1.07