VBNK
VersaBankVBNK
VBNK
About: VersaBank is a Canadian Schedule I chartered bank with a difference. It has 3 operating segments: Digital Banking Canada, Digital Banking USA and DRTC. It's, cloud-based, business-to-business deposit and lending model provides valued-added solutions to Canadian financial intermediary partners, enabling them to focus on growing their own businesses faster and more profitably. It obtains all of its deposits and provides the majority of its loans and leases electronically, with deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses. In addition, leveraging its internally developed IT security software and capabilities, Company established a wholly owned, subsidiary. Geographically located in Canada and USA.
Employees: 121
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
88% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 8
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
17% more capital invested
Capital invested by funds: $60.8M [Q2] → $71.1M (+$10.3M) [Q3]
1.08% more ownership
Funds ownership: 19.44% [Q2] → 20.52% (+1.08%) [Q3]
6% less funds holding
Funds holding: 31 [Q2] → 29 (-2) [Q3]
50% less funds holding in top 10
Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$17
24%
upside
Avg. target
$17
24%
upside
High target
$17
24%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Raymond James David Feaster 74% 1-year accuracy 14 / 19 met price target | 24%upside $17 | Outperform Reiterated | 8 Nov 2024 |
Financial journalist opinion
Positive
Seeking Alpha
2 weeks ago
VersaBank: High ROE, High Growth And Low Risk
VersaBank in 2025 is at the cusp of rapid growth and delivering high ROE whilst maintaining a low-risk business model. The U.S. expansion aims to replicate Canadian success in the much larger U.S. POS segment. VersaBank is also adding capital-light income streams from syndicated fees and CMHC-insured loans.
Neutral
PRNewsWire
4 weeks ago
VERSABANK ANNOUNCES EXERCISE OF OVER-ALLOTMENT OPTION IN PUBLIC OFFERING
LONDON, ON , Dec. 24, 2024 /PRNewswire/ - VersaBank (Nasdaq: VBNK) (TSX: VBNK) (the "Bank") today announced that the underwriters of its previously announced public offering of common shares (the "Offering") have fully exercised their option to purchase an additional 849,056 common shares at a price of US$13.25 (approximately CAD$19.07) per share, resulting in additional gross proceeds of US$11,249,992 (approximately CAD$16,194,363). The sale of the additional shares closed today.
Neutral
PRNewsWire
1 month ago
VERSABANK COMPLETES SUCCESSFUL OFFERING OF COMMON SHARES
The Base Shelf Prospectus and the Prospectus Supplement are accessible on SEDAR+ and on EDGAR LONDON, ON , Dec. 18, 2024 /PRNewswire/ - VersaBank (NASDAQ: VBNK) (TSX: VBNK) (the "Bank") today announced that it has successfully completed its previously announced public offering of common shares (the "Offering") at a price to the public of US$13.25 (approximately CAD$18.95) per share. An aggregate of 5,660,378 common shares were sold by the Bank for gross proceeds, before underwriting discounts and offering costs, of US$75,000,009 (approximately CAD$107,287,513).
Neutral
PRNewsWire
1 month ago
VERSABANK PRICES OFFERING OF COMMON SHARES
The Base Shelf Prospectus is accessible, and the Final Prospectus Supplement will be accessible within two business days, on SEDAR+ and on EDGAR LONDON, ON , Dec. 16, 2024 /PRNewswire/ - VersaBank (Nasdaq:VBNK; TSX:VBNK) (the "Bank") today announced the pricing of its previously announced public offering of 5,660,378 common shares (the "Offering") at a price to the public of US$13.25 per share. The gross proceeds from the Offering, before underwriting discounts and offering costs, are expected to be US$75,000,009.
Neutral
PRNewsWire
1 month ago
VERSABANK LAUNCHES OFFERING OF COMMON SHARES
The Base Shelf Prospectus and the Preliminary Supplement are accessible on SEDAR+ and on EDGAR LONDON, ON , Dec. 16, 2024 /PRNewswire/ - VersaBank (Nasdaq: VBNK) (TSX: VBNK) (the "Bank") today announced that it has filed a preliminary prospectus supplement (the "Preliminary Supplement") to its short form base shelf prospectus dated November 22, 2024 (the "Base Shelf Prospectus"). The Preliminary Supplement was filed in connection with a public offering of the Bank's common shares (the "Offering").
Neutral
Seeking Alpha
1 month ago
VersaBank (VBNK) Q4 2024 Earnings Call Transcript
VersaBank (NASDAQ:VBNK ) Q4 2024 Earnings Conference Call December 9, 2024 9:00 AM ET Company Participants David Taylor - President and Chief Executive Officer John Asma - Chief Financial Officer Conference Call Participants Tim Switzer - KBW David Feaster - Raymond James Andrew Scutt - Roth Capital Partners Operator Good morning, ladies and gentlemen. Welcome to VersaBank Fourth Quarter and Fiscal Year 2024 Financial Results Conference Call.
Positive
Zacks Investment Research
1 month ago
VersaBank (VBNK) Q4 Earnings Surpass Estimates
VersaBank (VBNK) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.35 per share a year ago.
Neutral
PRNewsWire
1 month ago
VERSABANK TRANSITIONS CORE TEAM RESPONSIBLE FOR CANADIAN RECEIVABLE PURCHASE PROGRAM SUCCESS TO LEAD US OPPORTUNITY
LONDON, ON , Dec. 9, 2024 /PRNewswire/ - VersaBank (TSX: VBNK) (NASDAQ: VBNK), a North American leader in business-to-business digital banking, as well as technology solutions for cybersecurity, today announced the transition of key members of the executive team responsible for the success of the Receivable Purchase Program ("RPP") to VersaBank USA in support of the Bank's US RPP opportunity: Nick Kristo, previously Chief Credit Officer, VersaBank Canada, has been appointed Chief Credit Officer, VersaBank USA; Mike Dixon, previously SVP, Point of Sale Financing, VersaBank Canada, has been appointed SVP, Receivable Purchase Program, VersaBank USA; and David Robinson, previously Senior Director, Point of Sale Financing, VersaBank Canada, has been appointed VP, Receivable Purchase Program, VersaBank USA. Messrs. Dixon, Kristo and Robinson join the already announced distinguished executive team at VersaBank USA, which includes: Tel Matrundola, President; Shawn Clarke, Chief Operating Officer; Tim Bloom, Chief Risk Officer; and Kevin Sullivan, Bank Secrecy Act ("BSA") Officer.
Neutral
PRNewsWire
1 month ago
VERSABANK DECLARES DIVIDENDS
LONDON, ON , Dec. 9, 2024 /PRNewswire/ - VersaBank (the "Bank") (TSX: VBNK) (NASDAQ: VBNK) today announced that cash dividends in the amount of CAD $0.025 per Common Share of the Bank have been declared for the quarter ending January 31, 2025, payable as of January 31, 2025, to shareholders of record at the close of business on January 10, 2025. The dividends to which this notice relates are eligible dividends for tax purposes.
Neutral
PRNewsWire
1 month ago
VERSABANK FOURTH QUARTER AND FISCAL 2024 RESULTS CONTINUE TO DEMONSTRATE STRENGTH OF BUSINESS MODEL AS BANK LAUNCHES PROVEN RPP SOLUTION IN US MARKET
VersaBank's 2024 annual audited Consolidated Financial Statements and Management's Discussion and Analysis ("MD&A") will be available today online at www.versabank.com/investor-relations, SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov/edgar.shtml. Supplementary Financial Information will also be available on our website at www.versabank.com/investor-relations.
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