Added to YB: 2025-03-07
Pitch date: 2025-03-06
VBNK [neutral]
VersaBank
+36.96%
current return
Author Info
@blondesnmoney (aka cluseau) shares the stocks they are buying on Twitter and their newsletter. Sign up for the newsletter.
Company Info
VersaBank provides various banking products and services in Canada and the United States. The company operates through three segments: Digital Banking Canada, Digital Banking USA, and DRTC (cybersecurity services and banking and financial technology development).
Market Cap
CAD 513.8M
Pitch Price
CAD 10.56
Price Target
16.00 (+11%)
Dividend
0.63%
EV/EBITDA
N/A
P/E
14.39
EV/Sales
N/A
Sector
Banks
Category
value
VersaBank Falls on Q4 Earnings Miss, Yet Growth Prospects Remain
VBNK (earnings update): Q4 EPS $0.28, below est. Stock down on poor communication. US RPP program: $25M QTD, $290M 2023 target. Proj. Q4'23 EPS $0.49 CAD. Trading below book ($16 CAD) & tangible book ($15.30 CAD). 7.5x P/E, 5% below book. Potential in US & BNPL, but position management could've been better.
Read full article (2 min)