Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for VersaBank (TSE:VBNK) Stock

VersaBank (TSE:VBNK) had its price target raised by equities research analysts at Keefe, Bruyette & Woods from C$22.00 to C$28.00 in a report issued on Wednesday,BayStreet.CA reports. Keefe, Bruyette & Woods’ price target indicates a potential upside of 10.72% from the stock’s previous close.

VersaBank Price Performance

TSE:VBNK opened at C$25.29 on Wednesday. VersaBank has a one year low of C$10.84 and a one year high of C$25.75. The business has a fifty day moving average price of C$21.47 and a 200-day moving average price of C$17.71. The firm has a market capitalization of C$656.53 million, a price-to-earnings ratio of 14.18 and a beta of 1.07.

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.