VersaBank (VBNK)

NASDAQ: VBNK · IEX Real-Time Price · USD
6.98
-0.22 (-3.05%)
At close: Sep 29, 2022 4:00 PM
7.01
+0.03 (0.43%)
After-hours: Sep 30, 2022 4:00 PM EDT
-3.05%
Market Cap 194.43M
Revenue (ttm) 58.41M
Net Income (ttm) 17.03M
Shares Out 27.86M
EPS (ttm) 0.58
PE Ratio 12.03
Forward PE 7.78
Dividend $0.07 (1.04%)
Ex-Dividend Date Oct 6, 2022
Volume 2,464
Open 7.04
Previous Close 7.20
Day's Range 6.98 - 7.12
52-Week Range 6.98 - 13.32
Beta 1.14
Analysts Buy
Price Target 10.89 (+56.0%)
Earnings Date Aug 31, 2022

About VBNK

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 ... [Read more...]

Industry Banks-Regional
IPO Date Sep 22, 2021
CEO David Taylor
Employees 145
Stock Exchange NASDAQ
Ticker Symbol VBNK
Full Company Profile

Financial Performance

In 2021, VersaBank's revenue was 64.92 million, an increase of 20.58% compared to the previous year's 53.84 million. Earnings were 22.38 million, an increase of 15.33%.

Financial numbers in CAD Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for VBNK stock is "Buy." The 12-month stock price forecast is 10.89, which is an increase of 56.02% from the latest price.

Price Target
$10.89
(56.02% upside)
Analyst Consensus: Buy
Stock Forecasts

News

VERSABANK ANNOUNCES APPROVAL FOR AMENDMENT TO NORMAL COURSE ISSUER BID

LONDON, ON , Sept. 21, 2022 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK; NASDAQ: VBNK), announced today that the Toronto Stock Exchange ("TSX") has approved an amendment to the Bank'...

1 week ago - PRNewsWire

VERSABANK DECLARES DIVIDENDS

LONDON, ON , Aug. 31, 2022 /PRNewswire/ - VersaBank (the "Bank") (TSX: VBNK) (NASDAQ: VBNK) today announced that cash dividends in the amount of CAD $0.025 per Common Share of the Bank and CAD $0.1693 p...

1 month ago - PRNewsWire

VERSABANK REPORTS CONTINUED STRONG RESULTS FOR THIRD QUARTER 2022

– Quarter Highlighted by Another Record Loan Portfolio, Driven by 75% Year-Over-Year Growth in Canadian Point-of-Sale Financing Business, and Record Revenue and Record Net Interest Income – All amounts ...

1 month ago - PRNewsWire

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

LONDON, ON , Aug. 17, 2022 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK) will release its third quarter 2022 financial results and host an earnings conference call on W...

1 month ago - PRNewsWire

VERSABANK RECEIVES TSX APPROVAL FOR NORMAL COURSE ISSUER BID

LONDON, ON , Aug. 15, 2022 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), today announced that it has received approval from the Toronto Stock Exchange ("TSX") to proce...

1 month ago - PRNewsWire

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

LONDON, ON, June 15, 2022 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), a leader in digital banking and cyber security solutions, today announced that David Taylor, Pr...

3 months ago - PRNewsWire

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

LONDON, ON , June 14, 2022 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), a leader in digital banking and cyber security solutions, today announced that, through its wh...

3 months ago - PRNewsWire

VersaBank (VBNK) Lags Q2 Earnings and Revenue Estimates

VersaBank (VBNK) delivered earnings and revenue surprises of -18.75% and 23.54%, respectively, for the quarter ended April 2022. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

VERSABANK REPORTS CONTINUED STRONG RESULTS FOR SECOND QUARTER 2022

– Quarter Highlighted by Another Record Loan Portfolio, Led by 51% Growth in Canadian Point-of-Sale Financing Business – All amounts are unaudited and in Canadian dollars and are based on financial stat...

4 months ago - PRNewsWire

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

VersaBank (VBNK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

4 months ago - Zacks Investment Research

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

LONDON, ON , May 18, 2022 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK) will release its second quarter 2022 financial results and host an earnings conference call on W...

4 months ago - PRNewsWire

VERSABANK ANNOUNCES APPOINTMENT OF RICHARD JANKURA TO BOARD OF DIRECTORS AND RETIREMENT OF LONG-TIME DIRECTOR, RICHAR...

LONDON, ON , May 9, 2022 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), a leader in digital banking and cyber security solutions, today announced, the appointment of Ri...

4 months ago - PRNewsWire

VERSABANK ANNOUNCES THE RESULTS OF ITS 2022 MEETING OF SHAREHOLDERS

LONDON, ON , April 21, 2022 /PRNewswire/ - VersaBank (TSX: VBNK) (NASDAQ: VBNK) ("VersaBank" or the "Bank") reports the results of its 2022 Annual Meeting of Shareholders (the "Meeting") held in Toronto...

5 months ago - PRNewsWire

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

LONDON, ON, March 31, 2022 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), a leader in digital banking and cyber security solutions, today announced it has entered into ...

6 months ago - PRNewsWire

VERSABANK ANNOUNCES SUCCESSFUL COMPLETION OF SOC2 AUDIT AHEAD OF ANTICIPATED COMMERCIAL LAUNCH OF REVOLUTIONARY DIGIT...

LONDON, ON , March 28, 2022 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), a leader in digital banking and cyber security solutions, today announced successful completi...

6 months ago - PRNewsWire

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

LONDON, ON, March 18, 2022 /CNW/- VersaBank (the "Bank") (TSX: VBNK) (NASDAQ: VBNK) today announced its upcoming annual meeting of shareholders (the "Meeting") will be held at the TMX Market Centre on W...

6 months ago - PRNewsWire

VersaBank (VBNK) Misses Q1 Earnings and Revenue Estimates

VersaBank (VBNK) delivered earnings and revenue surprises of -6.25% and 2.65%, respectively, for the quarter ended January 2022. Do the numbers hold clues to what lies ahead for the stock?

7 months ago - Zacks Investment Research

VersaBank Reports Continued Strong Results for First Quarter 2022

– Quarter Highlighted by Continued Strong Year-over-Year Growth as Bank Achieves Another Loan Portfolio Record – All amounts are unaudited and in Canadian dollars and are based on financial statements p...

7 months ago - PRNewsWire

VersaBank Appoints Financial Crime Prevention Expert and Advocate Veteran Garry Clement to Position of Chief Anti-Mon...

LONDON, ON, March 1, 2022 /PRNewswire/ - VersaBank (TSX: VBNK) (NASDAQ: VBNK) ("VersaBank" or the "Bank") today announced it has appointed financial crime prevention expert and advocate, Garry W. G. Cle...

7 months ago - PRNewsWire

VERSABANK TO PARTICIPATE AT THE 2022 KBW FINTECH & PAYMENTS CONFERENCE TUESDAY, MARCH 1, 2022 3:25 PM ET

LONDON, ON, Feb. 24, 2022 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), a leader in digital banking and cyber security solutions, today announced that David Taylor, Pr...

7 months ago - PRNewsWire

VERSABANK TO ANNOUNCE FIRST QUARTER 2022 FINANCIAL RESULTS ON MARCH 2, 2022

LONDON, ON, Feb. 16, 2022 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) and (NASDAQ: VBNK) will release its first quarter 2022 financial results and host an earnings conference call o...

7 months ago - PRNewsWire

VERSABANK ANNOUNCES CHANGE IN TSX TICKER SYMBOL TO "VBNK", EFFECTIVE TODAY

LONDON, ON, January 25, 2022 /CNW/ - VersaBank ("VersaBank" or the "Bank") (TSX: VB) (NASDAQ: VBNK), a North American leader in business-to-business digital banking, as well as technology solutions for ...

8 months ago - PRNewsWire

VersaBank Reports Continued Strong Financial Results for the Fourth Quarter and Year End 2021, Highlighted by Record ...

Core Digital Banking Operations Deliver Strong Year-over-Year and Sequential Growth and Continued Decrease in Cost of Funds VersaBank's 2021 annual audited Consolidated Financial Statements and Manageme...

10 months ago - PRNewsWire

VersaBank Includes USD in Expanded Testing of Closed Ecosystem for DDRs

Digital banking and cyber security solutions platform VersaBank is expanding the closed ecosystem testing for Digital Deposit Receipts (DDRs) and will include the U.S. dollar, the Algorand and Ethereum ...

10 months ago - PYMNTS

Attention: Business Editors - VersaBank to Announce Annual 2021 Financial Results on December 1, 2021

LONDON, ON, Nov. 22, 2021 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VB) (NASDAQ: VBNK) will release its Annual 2021 financial results and host an earnings conference call on Wednesday, ...

10 months ago - PRNewsWire