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

VersaBank (TSE:VBNK) had its target price boosted by equities research analysts at Keefe, Bruyette & Woods from C$22.00 to C$28.00 in a report released on Wednesday,BayStreet.CA reports. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 13.04% from the company’s current price.

VersaBank Stock Up 1.4 %

VBNK stock traded up C$0.35 during midday trading on Wednesday, reaching C$24.77. 16,420 shares of the company’s stock traded hands, compared to its average volume of 15,256. The company has a market cap of C$643.03 million, a price-to-earnings ratio of 14.07 and a beta of 1.07. The firm’s fifty day moving average price is C$21.32 and its 200-day moving average price is C$17.63. VersaBank has a 52 week low of C$10.84 and a 52 week high of C$25.75.

About VersaBank

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.