Keefe, Bruyette & Woods Issues Positive Forecast for VersaBank (TSE:VBNK) Stock Price

VersaBank (TSE:VBNK) had its price objective boosted by equities researchers at Keefe, Bruyette & Woods from C$22.00 to C$28.00 in a research note issued on Wednesday,BayStreet.CA reports. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 10.72% from the company’s current price.

VersaBank Price Performance

Shares of TSE:VBNK opened at C$25.29 on Wednesday. The firm has a market capitalization of C$656.53 million, a PE ratio of 14.18 and a beta of 1.07. The business has a 50 day simple moving average of C$21.47 and a two-hundred day simple moving average of C$17.71. VersaBank has a 1 year low of C$10.84 and a 1 year high of C$25.75.

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.