VersaBank

Company Profile

VersaBank had its IPO on 2021-08-27 under the ticker symbol VBNK.

The company operates in the Financial Services sector and Banks-Regional industry. VersaBank has a staff strength of 110 employees.

Stock update

Shares of VersaBank opened at $8.1 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $8 - $8.16, and closed at $8.04.

This is a +1.64% increase from the previous day's closing price.

A total volume of 1,449 shares were traded at the close of the day’s session.

In the last one week, shares of VersaBank have slipped by -6.94%.

VersaBank's Key Ratios

VersaBank has a market cap of $214.14 million, indicating a price to book ratio of 0.799 and a price to sales ratio of 2.6572.

In the last 12-months VersaBank’s revenue was $97.12 million with a gross profit of $76.34 million and an EBITDA of $0. The EBITDA ratio measures VersaBank's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, VersaBank’s operating margin was 46.75% while its return on assets stood at 1.02% with a return of equity of 10.15%.

In Q2.3333333333333, VersaBank’s quarterly earnings growth was a positive 88.4% while revenue growth was a positive 26.6%.

VersaBank’s PE and PEG Ratio

Forward PE

8.3963

Trailing PE

8.4286

PEG

Its diluted EPS in the last 12-months stands at $0.98 per share while it has a forward price to earnings multiple of 8.3963 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into VersaBank’s profitability.

VersaBank stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 2.6572.

VersaBank stock pays annual dividends of $0.1 per share, indicating a yield of 0.85% and a payout ratio of 6.51%.

Balance sheet and cash flow metrics

Total Assets

$3.98 billion

Total Liabilities

$7.27 million

Operating Cash Flow

$0

Capital Expenditure

$12000

Dividend Payout Ratio

6.51%

VersaBank ended 2024 with $3.98 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $3.98 billion while shareholder equity stood at $365.04 million.

VersaBank ended 2024 with $0 in deferred long-term liabilities, $7.27 million in other current liabilities, 214544000.00 in common stock, $134.46 million in retained earnings and $5.75 million in goodwill. Its cash balance stood at $87.73 million and cash and short-term investments were $87.73 million. The company’s total short-term debt was $0 while long-term debt stood at $101.59 million.

VersaBank’s total current assets stands at $109.59 million while long-term investments were $183.90 million and short-term investments were $0. Its net receivables were $21.87 million compared to accounts payable of $7.27 million and inventory worth $0.

In 2024, VersaBank's operating cash flow was $0 while its capital expenditure stood at $12000.

Comparatively, VersaBank paid $0.07 in dividends in 2024.

Other key metrics

Current Trading Price

$8.04

52-Week High

$9.02

52-Week Low

$6.3492

Analyst Target Price

$11.6

VersaBank stock is currently trading at $8.04 per share. It touched a 52-week high of $9.02 and a 52-week low of $9.02. Analysts tracking the stock have a 12-month average target price of $11.6.

Its 50-day moving average was $8.16 and 200-day moving average was $7.53 The short ratio stood at 1.42 indicating a short percent outstanding of 0%.

Around 4375.5% of the company’s stock are held by insiders while 2528.2% are held by institutions.