Roth Capital Forecasts VersaBank’s Q1 Earnings (NASDAQ:VBNK)

VersaBank (NASDAQ:VBNK) – Equities research analysts at Roth Capital lifted their Q1 2025 earnings per share (EPS) estimates for shares of VersaBank in a report issued on Tuesday, December 10th. Roth Capital analyst C. Irwin now forecasts that the company will post earnings per share of $0.36 for the quarter, up from their prior forecast of $0.35. Roth Capital currently has a “Strong-Buy” rating on the stock. The consensus estimate for VersaBank’s current full-year earnings is $1.59 per share.

Several other brokerages also recently commented on VBNK. Roth Mkm assumed coverage on shares of VersaBank in a research report on Friday, September 27th. They set a “buy” rating and a $18.00 price objective on the stock. Keefe, Bruyette & Woods started coverage on shares of VersaBank in a research report on Tuesday, August 27th. They set an “outperform” rating and a $22.00 price target for the company. Finally, Raymond James reaffirmed an “outperform” rating and issued a $17.00 price objective (up from $15.00) on shares of VersaBank in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $19.00.

VersaBank Stock Performance

VBNK stock opened at $15.39 on Thursday. The firm has a market capitalization of $400.14 million, a price-to-earnings ratio of 13.99 and a beta of 0.83. The firm has a 50 day moving average price of $15.92 and a 200-day moving average price of $13.16. VersaBank has a 52-week low of $8.90 and a 52-week high of $18.38.

Hedge Funds Weigh In On VersaBank

A number of hedge funds have recently made changes to their positions in VBNK. Barclays PLC bought a new stake in shares of VersaBank in the third quarter worth about $32,000. ELCO Management Co. LLC grew its holdings in VersaBank by 4.1% during the 2nd quarter. ELCO Management Co. LLC now owns 82,942 shares of the company’s stock valued at $892,000 after buying an additional 3,234 shares in the last quarter. Mendon Capital Advisors Corp increased its stake in VersaBank by 6.1% in the 2nd quarter. Mendon Capital Advisors Corp now owns 84,056 shares of the company’s stock worth $904,000 after acquiring an additional 4,817 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of VersaBank during the 3rd quarter worth approximately $137,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of VersaBank by 44.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 50,038 shares of the company’s stock valued at $540,000 after acquiring an additional 15,462 shares during the last quarter. Institutional investors own 56.86% of the company’s stock.

VersaBank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be paid a dividend of $0.0177 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Friday, January 10th. VersaBank’s dividend payout ratio (DPR) is 6.36%.

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.