VersaBank reports results for the quarter ended in July - Earnings Summary

VersaBank

30/08/2023 13:02

* VersaBank  VBNK.TO  reported quarterly adjusted earnings
of 38
cents​​ per share for the quarter ended in July. The mean
expectation of four analysts for the quarter was for earnings of
40 cents per share.
    * Revenue rose 24.3% to C$24.93 million from a year ago;
analysts
expected C$27.80 million. 
    * VersaBank's reported EPS for the quarter was 38 cents​.
    * The mean earnings estimate of analysts had risen by
about 6.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * VersaBank shares had risen by 12.6% this quarter and
gained 11.4% so far this year.
    * The company reported quarterly net income of C$10 million.
    * Wall Street's median 12-month price target for VersaBank
is
C$14.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 30 at 12:02 p.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jul. 31 2023      0.40           0.38           Missed
 Apr. 30 2023      0.36           0.38           Beat
 Jan. 31 2023      0.26           0.34           Beat
 Oct. 31 2022      0.25           0.23           Missed