Added to YB: 2026-09-25
Pitch date: 2026-09-22
VBNK [bullish]
VersaBank
+0.89%
current return
Author Info
No bio for this author
Company Info
VersaBank provides various banking products and services in Canada and the United States. The company operates through four segments: Digital Banking Canada, Digital Banking USA, DRTC (Cybersecurity), and Digital Meteor.
Market Cap
CAD 1.1B
Pitch Price
CAD 32.65
Price Target
37.00 (+12%)
Dividend
0.31%
EV/EBITDA
N/A
P/E
30.82
EV/Sales
N/A
Sector
Banks
Category
growth
VersaBank: The market sees today’s costs but may be missing tomorrow’s operating leverage.
VBNK: VersaBank’s US expansion costs obscure a branchless, recourse-protected receivables bank whose core nine-month EPS rose 37% and whose US book grew from US$310M to US$793M in nine months. A C$37 target versus roughly C$28 offers 32% upside if efficiency returns toward the 46% achieved in FY2023. Key risks are unproven US operating leverage, tightening capital and failure of a large finance partner.
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