Roth Capital Issues Positive Forecast for VersaBank Earnings

VersaBank (NASDAQ:VBNK) – Analysts at Roth Capital increased their Q1 2025 earnings estimates for shares of VersaBank in a research note issued to investors on Tuesday, December 10th. Roth Capital analyst C. Irwin now forecasts that the company will post earnings of $0.36 per share for the quarter, up from their prior estimate of $0.35. Roth Capital currently has a “Strong-Buy” rating on the stock. The consensus estimate for VersaBank’s current full-year earnings is $1.59 per share.

VBNK has been the topic of several other reports. Raymond James reiterated an “outperform” rating and issued a $17.00 price target (up from $15.00) on shares of VersaBank in a report on Friday, November 8th. Roth Mkm began coverage on VersaBank in a research report on Friday, September 27th. They set a “buy” rating and a $18.00 target price for the company. Finally, Keefe, Bruyette & Woods started coverage on shares of VersaBank in a research note on Tuesday, August 27th. They set an “outperform” rating and a $22.00 target price for the company. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $19.00.

VersaBank Price Performance

Shares of NASDAQ VBNK opened at $15.39 on Thursday. VersaBank has a 1 year low of $8.90 and a 1 year high of $18.38. The firm has a 50-day simple moving average of $15.92 and a two-hundred day simple moving average of $13.16. The company has a market cap of $400.14 million, a P/E ratio of 13.99 and a beta of 0.83.

Hedge Funds Weigh In On VersaBank

Institutional investors have recently made changes to their positions in the company. Pembroke Management LTD bought a new position in VersaBank in the second quarter worth approximately $377,000. Acadian Asset Management LLC raised its position in shares of VersaBank by 52.2% in the 2nd quarter. Acadian Asset Management LLC now owns 100,466 shares of the company’s stock worth $1,067,000 after acquiring an additional 34,462 shares in the last quarter. K2 Principal Fund L.P. bought a new position in shares of VersaBank in the 3rd quarter worth $211,000. Dimensional Fund Advisors LP lifted its stake in shares of VersaBank by 44.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 50,038 shares of the company’s stock worth $540,000 after purchasing an additional 15,462 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC bought a new stake in VersaBank during the third quarter valued at about $137,000. Hedge funds and other institutional investors own 56.86% of the company’s stock.

VersaBank Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be issued a dividend of $0.0177 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.07 annualized dividend and a yield of 0.46%. VersaBank’s payout ratio is currently 6.36%.

VersaBank Company Profile

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.