<div id="readability-page-1"><p>VersaBank (NASDAQ:VBNK - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24, Zacks reports. VersaBank had a net margin of 9.56% and a return on equity of 7.47%.</p><h2>VersaBank Stock Performance</h2><p>NASDAQ VBNK opened at $12.62 on Wednesday. The firm's 50 day moving average price is $11.97 and its 200-day moving average price is $11.65. VersaBank has a 52-week low of $8.51 and a 52-week high of $16.53. The company has a market cap of $403.21 million, a PE ratio of 18.56 and a beta of 0.97. </p><h2>Institutional Trading of VersaBank</h2><p>A number of hedge funds have recently bought and sold shares of the stock. Alliancebernstein L.P. raised its position in shares of  VersaBank by 2.7% in the 3rd quarter. Alliancebernstein L.P. now owns 2,915,984 shares of the company's stock worth $35,604,000 after acquiring an additional 75,358 shares in the last quarter.  Mendon Capital Advisors Corp boosted its position in  VersaBank by 4.0% during the second quarter. Mendon Capital Advisors Corp now owns 1,052,650 shares of the company's stock valued at $12,000,000 after purchasing an additional 40,127 shares in the last quarter.  Curi Capital LLC grew its stake in  VersaBank by 5.0% in the second quarter. Curi Capital LLC now owns 800,000 shares of the company's stock valued at $9,120,000 after purchasing an additional 38,337 shares during the last quarter.  Kennedy Capital Management LLC raised its holdings in  VersaBank by 18.9% in the third quarter. Kennedy Capital Management LLC now owns 354,642 shares of the company's stock worth $4,330,000 after purchasing an additional 56,422 shares in the last quarter.  Finally, Bank of America Corp DE raised its holdings in  VersaBank by 34.0% in the third quarter. Bank of America Corp DE now owns 130,584 shares of the company's stock worth $1,594,000 after purchasing an additional 33,149 shares in the last quarter. Hedge funds and other institutional investors own  56.86% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><p>VBNK has been the subject of several analyst reports. Wall Street Zen upgraded shares of VersaBank from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a report on Saturday, September 6th. Weiss Ratings  reissued a &#34;hold (c)&#34; rating on shares of VersaBank in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded VersaBank from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a research report on Friday, November 7th. One equities research analyst  has rated the stock with a Buy rating and four have issued  a Hold rating to the company's stock. Based on data from MarketBeat.com, the company  has an average rating of &#34;Hold&#34; and an average price target of $11.27.</p><p><b>View Our Latest Stock Analysis on VBNK</b></p><h2>VersaBank Company Profile</h2> (Get Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than VersaBank</li><li>Why Special Dividends Can be a Delightful Surprise for Income Investors</li><li>Insiders Are Selling These 3 Stocks—Here’s Why</li><li>What is Forex and How Does it Work? </li><li>Consumers Got Coal, But Santa Dropped Off Big Gains for These 2 Retailers</li><li>What is a Stock Market Index and How Do You Use Them?</li><li>10X Gains? These 3 Robotics Stocks Could Explode by 2035</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VkJOSw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VkJOSw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in VersaBank Right Now?</h2><p>Before you consider VersaBank, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VersaBank wasn't on the list.</p><p>While VersaBank currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

VBNK

<p>VersaBank (NASDAQ:VBNK) announced its quarterly earnings, reporting $0.24 EPS, meeting consensus estimates. The bank's return on equity was 7.47% with a net margin of 9.56%. Analysts have given the stock a Hold rating, with an average price target of $11.27. Institutional investors own 56.86% of the stock, with recent increases in holdings by several hedge funds.</p>

VersaBank (NASDAQ:VBNK) Announces Earnings Results, Meets Expectations