Roth Capital Upgrades VersaBank to Buy with $25 Price Target
Roth Capital has upgraded VersaBank to a buy rating, setting a $25 price target, a 4.21% upside from the current price.
Key Points
- Roth Capital upgraded VersaBank to a buy on June 30, 2026, with a new price target of $25.
- Roth Capital's $25 price target implies 4.21% upside from VersaBank's ($VBNK) current $23.99 share price.
- VersaBank shares traded at $21.59 on Wednesday, with a market cap of $747.3 million and a P/E ratio of 35.17.
- Peers like TCW Group Inc increased their holdings, while others like Mendon Capital Advisors Corp reduced theirs.
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Roth Capital has upgraded VersaBank (NasdaqGS:VBNK) to a buy rating, setting a new price target of $25. Analyst Craig Irwin made the announcement on June 30, 2026. This move comes as VersaBank's stock was trading around $21.59 on Wednesday.
Roth Capital vs. the S&P 500
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Other Institutional Activity in VersaBank
Several institutional investors have made adjustments to their positions in VersaBank. TCW Group Inc increased its holdings by 37,000 shares, bringing its total to 711,277 shares valued at approximately $10.08 million, marking a 5.5% increase. CIBC World Market Inc also added 7,326 shares to hold 1,189,057 shares worth about $16.93 million, a 0.6% rise. On the other hand, Mendon Capital Advisors Corp reduced its position by 112,452 shares, ending with 945,241 shares valued at $13.39 million, a 10.6% decrease.
VersaBank Stock Up 20.9%
Shares of VersaBank traded near $21.59 on Wednesday. The company has a market cap of $747.3 million and a P/E ratio of 35.17. Its forward P/E is 13.84, indicating expectations of future earnings growth. The stock has a 52-week low of $10.10 and a high of $25.05, with a 50-day moving average of $18.46 and a 200-day moving average of $15.07. VersaBank's beta is 1.138, suggesting moderate volatility compared to the market.
$VBNK price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its latest earnings report, VersaBank posted revenue of $137.85 million, reflecting a growth rate of 29.5%. The bank's net margin was 22.0%, and it achieved a return on equity of 5.6%. Earnings per share were $0.66. The next earnings report is expected on September 3, 2026.
Dividend
VersaBank offers a modest dividend, with an annual rate of $0.07 and a yield of 0.31%. The dividend payout ratio stands at 10.64%.
Analysts Set New Price Targets
On June 30, 2026, Roth Capital upgraded VersaBank to a buy rating with a price target of $25. Previously, on December 11, 2025, Roth Capital maintained a hold rating with a $13 target. Other firms like Raymond James reiterated a buy rating with a $13 target on June 5, 2025, and Keefe, Bruyette & Woods initiated coverage with a buy rating and a $22 target on August 29, 2024.
About VersaBank
VersaBank is a financial institution offering various banking products and services in Canada and the United States. With headquarters in London, Ontario, the bank operates through segments like Digital Banking Canada, Digital Banking USA, and DRTC, which focuses on cybersecurity and financial technology. VersaBank provides deposit products, lending services, and cybersecurity solutions. The company, led by CEO Susan Teresa McGovern, employs 131 people.
Bottom Line
Roth Capital's upgrade of VersaBank to a buy rating with a $25 price target reflects growing confidence in the bank's potential. Investors track such analyst ratings closely as they can influence market sentiment and stock performance. It's important to remember that analyst ratings and price targets are based on projections and assumptions that may change over time.
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