VersaBankVBNK Market cap $345M
About: VersaBank is a Canadian Schedule I chartered bank with a difference. VersaBank became the world's first digital financial institution when it adopted its highly efficient business-to-business model using its proprietary state-of-the-art financial technology to profitably address underserved segments of the Canadian banking market in the pursuit of superior net interest margins, while mitigating risk. VersaBank obtains all of its deposits and provides the majority of its loans and leases electronically, with innovative 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, VersaBank established a wholly-owned, subsidiary.
Employees: 119
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
7% more funds holding
Funds holding: 29 [Q1] → 31 (+2) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
0.89% less ownership
Funds ownership: 20.25% [Q1] → 19.36% (-0.89%) [Q2]
2% less capital invested
Capital invested by funds: $62.1M [Q1] → $60.9M (-$1.27M) [Q2]
17% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 12
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Roth MKM Craig Irwin 36% 1-year accuracy 10 / 28 met price target | 35%upside $18 | Buy Initiated | 27 Sept 2024 |
Financial journalist opinion
Based on 7 articles about VBNK published over the past 30 days