Added to YB: 2025-03-07
Pitch date: 2025-03-06
VBNK [neutral]
VersaBank
+84.61%
current return
Author Info
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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 853.5M
Pitch Price
CAD 10.53
Price Target
16.00 (-17%)
Dividend
0.38%
EV/EBITDA
N/A
P/E
28.10
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)