Added to YB: 2026-10-01
Pitch date: 2026-09-26
VBNK [bullish]
VersaBank
-4.44%
current return
Author Info
No bio for this author
Company Info
VersaBank provides various banking products and services in Canada and the United States. The company operates through four segments: Digital Banking Canada, Digital Banking USA, DRTC (Cybersecurity), and Digital Meteor.
Market Cap
CAD 1.0B
Pitch Price
CAD 33.25
Price Target
95.00 (+199%)
Dividend
0.32%
EV/EBITDA
N/A
P/E
29.76
EV/Sales
N/A
Sector
Banks
Category
growth
VersaBank: The Bank Behind the Bank – How a Canadian Branchless Pioneer Wants to Make Asset-Backed Securities Obsolete
VBNK: VersaBank is a branchless B2B bank whose core receivables program has recorded no loan losses in Canada for over 15 years. Management targets at least US$3B of new US fundings in FY2027 while core non-interest expenses are expected to remain roughly flat that year. At C$31.79, the shares trade at ~11x estimated FY2027 earnings, with a C$95 three-year base case and C$52 downside case; regulatory capital relief or a dilutive raise is the key swing factor.
Read full article (10 min)