VersaBank (VBNK) to Release Earnings on Wednesday

VersaBank (NASDAQ:VBNK) will likely be issuing its Q2 2025 quarterly earnings data before the market opens on Wednesday, June 4th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $20.77 million for the quarter.

VersaBank Stock Performance

Shares of VBNK opened at $11.88 on Wednesday. The firm has a market capitalization of $386.33 million, a price-to-earnings ratio of 10.80 and a beta of 0.99. VersaBank has a one year low of $8.51 and a one year high of $18.38. The stock’s fifty day moving average is $10.62 and its 200-day moving average is $12.83.

VersaBank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 4th were issued a dividend of $0.025 per share. This is a positive change from VersaBank’s previous quarterly dividend of $0.02. This represents a $0.10 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Friday, April 4th. VersaBank’s payout ratio is presently 6.38%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Raymond James reissued an “outperform” rating on shares of VersaBank in a research note on Thursday, March 6th. Roth Mkm lowered VersaBank from a “buy” rating to a “neutral” rating and reduced their price target for the company from $22.00 to $10.40 in a report on Thursday, March 6th. Finally, Roth Capital set a $10.40 price target on VersaBank in a report on Thursday, March 6th.

Hedge Funds Weigh In On VersaBank

An institutional investor recently raised its position in VersaBank stock. Royal Bank of Canada increased its position in shares of VersaBank (NASDAQ:VBNK) by 107.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 56,371 shares of the company’s stock after buying an additional 29,169 shares during the quarter. Royal Bank of Canada owned 0.17% of VersaBank worth $585,000 as of its most recent SEC filing. Institutional investors own 56.86% of the company’s stock.

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.