VersaBank, a schedule I chartered bank, provides banking products and services in Canada. More Details
Excellent balance sheet and good value.
Share Price & News
How has VersaBank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VB is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: VB's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: VB exceeded the Canadian Banks industry which returned -3.9% over the past year.
Return vs Market: VB underperformed the Canadian Market which returned 1.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is VersaBank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StWhat Kind Of Investors Own Most Of VersaBank (TSE:VB)?
1 month ago | Simply Wall StA Look At VersaBank's (TSE:VB) CEO Remuneration
2 months ago | Simply Wall StVersaBank (TSE:VB) Looks Interesting, And It's About To Pay A Dividend
Is VersaBank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VB (CA$7.42) is trading below our estimate of fair value (CA$8.72)
Significantly Below Fair Value: VB is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: VB is good value based on its PE Ratio (9.1x) compared to the CA Banks industry average (12.8x).
PE vs Market: VB is good value based on its PE Ratio (9.1x) compared to the Canadian market (15.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate VB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: VB is good value based on its PB Ratio (0.7x) compared to the CA Banks industry average (1.3x).
How is VersaBank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as VersaBank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether VersaBank is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- VersaBank competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Banks industry.
How has VersaBank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VB has a high level of non-cash earnings.
Growing Profit Margin: VB's current net profit margins (31.6%) are lower than last year (33.2%).
Past Earnings Growth Analysis
Earnings Trend: VB's earnings have grown by 17.8% per year over the past 5 years.
Accelerating Growth: VB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VB had negative earnings growth (-4.2%) over the past year, making it difficult to compare to the Banks industry average (-14.8%).
Return on Equity
High ROE: VB's Return on Equity (7.6%) is considered low.
How is VersaBank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: VB's Assets to Equity ratio (7.6x) is low.
Allowance for Bad Loans: VB has a low allowance for bad loans (37%).
Low Risk Liabilities: 92% of VB's liabilities are made up of primarily low risk sources of funding.
Loan Level: VB has an appropriate level of Loans to Assets ratio (85%).
Low Risk Deposits: VB's Loans to Deposits ratio (106%) is appropriate.
Level of Bad Loans: VB has an appropriate level of bad loans (0.4%).
What is VersaBank current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: VB's dividend (1.35%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.63%).
High Dividend: VB's dividend (1.35%) is low compared to the top 25% of dividend payers in the Canadian market (5.31%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, VB has been paying a dividend for less than 10 years.
Growing Dividend: VB's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (12.3%), VB's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Taylor (67 yo)
Mr. David Roy Taylor, BSc (Hons), MBA, FICB, PPL has been the President and Chief Executive Officer at VersaBank since January 18, 1993. Mr. Taylor has been the Chief Executive Officer of VersaBank since ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD1.45M) is above average for companies of similar size in the Canadian market ($USD166.09K).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
|CFO & Corporate Secretary||3.92yrs||CA$636.19k||0.033% |
|Senior VP of Deposits & Chief Human Resources Officer||no data||CA$522.38k||0.082% |
|Chief Credit Officer||no data||CA$498.07k||0.021% |
|Senior Vice President of eCommerce||3.75yrs||CA$500.41k||0.029% |
|Vice President of Investment & Risk Control||0.083yr||no data||no data|
|Vice President of Structured & Corporate Finance||4.75yrs||no data||0.025% |
|Chief Information Officer||0.33yr||no data||0.013% |
|Director of Investor Relations||no data||no data||no data|
|Chief Compliance Officer & Chief Anti-Money Laundering Officer||0.92yr||no data||0.0052% |
|General Counsel & Corporate Secretary||no data||no data||0.041% |
|Chief Strategist||3.75yrs||no data||no data|
Experienced Management: VB's management team is considered experienced (3.8 years average tenure).
|Independent Director||11.08yrs||CA$98.05k||0.24% |
|Independent Director||27.25yrs||CA$68.62k||0.14% |
|Independent Chairman of the Board||6.33yrs||CA$153.91k||0.13% |
|Independent Director||15.5yrs||CA$94.18k||0.24% |
|Independent Director||10.5yrs||CA$108.44k||0.25% |
|Independent Director||9.58yrs||CA$64.47k||0.13% |
|Independent Director||6yrs||CA$92.51k||0.16% |
|Independent Director||1.67yrs||CA$33.43k||0.014% |
|Independent Director||0.67yr||no data||0.015% |
Experienced Board: VB's board of directors are seasoned and experienced ( 10 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: VB insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
VersaBank's company bio, employee growth, exchange listings and data sources
- Name: VersaBank
- Ticker: VB
- Exchange: TSX
- Founded: 1979
- Industry: Regional Banks
- Sector: Banks
- Market Cap: CA$156.737m
- Shares outstanding: 21.12m
- Website: https://www.versabank.com
Number of Employees
- 140 Fullarton Street
- Suite 2002
- N6A 5P2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|VB.PRA||TSX (The Toronto Stock Exchange)||7% 5YR PFD SER 1||CA||CAD||Oct 2014|
|VB.PRB||TSX (The Toronto Stock Exchange)||PFD SER 3||CA||CAD||Feb 2015|
|VEW||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Feb 2017|
|VB||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Feb 2017|
|VRRK.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Feb 2017|
VersaBank, a schedule I chartered bank, provides banking products and services in Canada. The company offers deposit products, such as guaranteed investment certificates, registered retirement savings plan...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/12/03 23:43|
|End of Day Share Price||2020/12/03 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.