VersaBank (TSE:VBNK) Price Target Lowered to C$22.00 at Keefe, Bruyette & Woods

VersaBank (TSE:VBNK) had its price objective lowered by stock analysts at Keefe, Bruyette & Woods from C$27.00 to C$22.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 48.55% from the company’s current price.

VersaBank Stock Down 0.9 %

TSE:VBNK traded down C$0.14 during mid-day trading on Thursday, reaching C$14.81. 91,524 shares of the stock were exchanged, compared to its average volume of 34,619. The company has a 50 day simple moving average of C$19.21 and a 200-day simple moving average of C$19.90. VersaBank has a 1 year low of C$12.94 and a 1 year high of C$25.75. The stock has a market capitalization of C$479.26 million, a P/E ratio of 9.63 and a beta of 1.07.

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.