VersaBank Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for VersaBank stock have an average target of 16.67, with a low estimate of 10 and a high estimate of 22. The average target predicts an increase of 11.51% from the current stock price of 14.95.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$10	$16.67	$18	$22
Change	-33.11%	+11.51%	+20.40%	+47.16%

Analyst Ratings

The average analyst rating for VersaBank stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	May '24	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24
Strong Buy	0	0	0	0	1	1
Buy	2	2	2	2	2	2
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	2	2	2	2	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Craig Irwin Roth MKM	Roth MKM	Strong Buy Initiates $18	Strong Buy	Initiates	$18	+20.40%	Sep 27, 2024
Timothy Switzer Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Buy Initiates $22	Buy	Initiates	$22	+47.16%	Aug 28, 2024
Timothy Switzer Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Buy Initiates n/a	Buy	Initiates	n/a	n/a	Aug 27, 2024
David Feaster Raymond James	Raymond James	Buy Maintains $9 → $10	Buy	Maintains	$9 → $10	-33.11%	Dec 14, 2023
William Wallace Raymond James	Raymond James	Buy Initiates $9	Buy	Initiates	$9	-39.80%	Dec 19, 2022

More Analyst Ratings

Financial Forecast

Revenue This Year

106.14M

Revenue Next Year

130.22M

from 106.14M

22.69%

from 106.14M

EPS This Year

1.96

from 1.57

25.19%

from 1.57

EPS Next Year

2.49

from 1.96

26.69%

from 1.96

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Oct 31, 2019	Oct 31, 2020	Oct 31, 2021	Oct 31, 2022	Oct 31, 2023	Oct 31, 2024	Oct 31, 2025	Oct 31, 2026
Revenue	-	-	-	-	-	106.14M	130.22M	174.52M
Revenue Growth	5.58%	0.58%	20.66%	24.54%	31.83%	-	22.69%	34.02%
EPS	0.85	0.82	0.96	0.79	1.57	1.96	2.49	-
EPS Growth	13.37%	-4.21%	17.19%	-17.39%	98.37%	25.19%	26.69%	-
Forward PE	-	-	-	-	-	10.50	8.28	-
No. Analysts	-	-	-	-	-	5	5	3

Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	109.7M	143.9M	179.7M
Avg	106.1M	130.2M	174.5M
Low	101.4M	115.0M	167.7M

Revenue Growth

Revenue Growth	2024	2025	2026
High	-	35.5%	38.0%
Avg	-	22.7%	34.0%
Low	-	8.3%	28.8%

EPS Forecast

EPS	2024	2025
High	2.04	2.78
Avg	1.96	2.49
Low	1.87	2.27

EPS Growth

EPS Growth	2024	2025
High	30.0%	41.8%
Avg	25.2%	26.7%
Low	19.4%	15.9%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.