How to Buy Versabank Stock
Versabank
VersaBank, a schedule I chartered bank, provides various banking products and services in Canada.
Versabank stock last closed at $9.98, up 0.71% from the previous day, and has increased 35.87% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.17 percentage points. Versabank stock is currently +56.79% from its 52-week low of $6.37, and -18.13% from its 52-week high of $12.19.
As of Apr 26, 2024, there are 25.96M VBNK shares outstanding. The market capitalization of VBNK is $259.12M. In the last 24 hours, 8816 VBNK shares were traded.
How to Buy Versabank Stock
Not sure how to invest in Versabank stock? Here's how.
- Figure out where to buy Versabank stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you determine where to buy Versabank stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Select your method of payment and add your details.
- Research Versabank stock: The Versabank ticker symbol is VBNK. Is Versabank stock a good investment? Should you buy shares of VBNK? How do VBNK's underlying business fundamentals look? Do top analysts think Versabank is a good buy? Why has VBNK's stock price moved recently? (Hint: Our stock market research tools can help you decide if VBNK is a good stock to buy).
- Place your VBNK buy order: Decide if you will purchase VBNK shares at the current market price or use a limit order to buy VBNK shares at a particular price.
- Keep an eye on your investment in VBNK: Create a watchlist to important updates regarding your position in Versabank shares.
Step 1: Figure out where to buy Versabank stock
You will need an online brokerage account to access the NASDAQ market and buy VBNK shares.
Our preferred brokerage: eToro
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Get $10 towards your purchase of shares by signing up for an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal info so you are able to buy VBNK today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to start a new brokerage account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have finished signing up on our top ranked stock market app, you need to deposit funds:
Check out the tutorial below if you need help transferring money into your new brokerage account.
Step 4: Research Versabank stock
Once you have selected the best place to buy Versabank stock, it's critical to analyze their stock prior to investing, so you actually understand the risk as well as the upside.
Versabank shares quick numbers
Versabank Zen Score
WallStreetZen was created to help everyday investors perform more accurate fundamental analysis quickly.
You can see all of the due diligence checks on VBNK's stock page.
Is VBNK stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge VBNK's true value.
Using relative valuations ratios:
- VBNK could be undervalued based on its P/E ratio of 7.94x, relative to Banks - Regional industry P/E ratio of -9.61x
- VBNK may be undervalued based on its P/B ratio of 0.91x, relative to Banks - Regional industry P/B ratio of 0.99x
- VBNK may be undervalued based on its PEG ratio of 0.35x
You can access additional valuation research on VBNK's stock here.
VBNK Financial Overview
Passed Financial Due Diligence Checks:
- VBNK profit margin has gone up from 29.4% to 40.7% in the past year.
Failed Financial Due Diligence Checks:
- VBNK has a relatively high debt to equity ratio of 10.08.
Do analysts think it's a good time to buy Versabank stock
Out of 1 Equities analysts who research VBNK, the consensus analyst rating on Versabank is a Buy
It's important to note that analyst ratings are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Versabank stock forecast page.
VBNK Technicals
How are VBNK Revenues/Earnings doing?
Last year, VBNK earnings were $33.41M. In the last 2 year, VBNK's earnings have increased by 30.96% per year. This was faster than the Banks - Regional industry average of 17.16%.
Last year, VBNK revenue was $82.04M. In the last 2 year, VBNK's revenue has increased by 23.14% per year. This was faster than the Banks - Regional industry average of 7.44%.
You can analyze VBNK's earnings and revenue performance here.
Latest Insiders Trades at VBNK
In the last year, executives and large shareholders at VBNK have not bought or sold any shares.
Research more about who owns VBNK stock here.
Does VBNK stock generate passive income?
No, Versabank doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your VBNK buy order
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular price, place a limit order.
Hit the Open Trade button and eToro will place the order.
If you need more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your investment in VBNK
Now that you own some shares in VBNK, you'll want to stay up-to-date on your shares.
Create a watchlist to monitor your VBNK stock.
VBNK Feed
How to Buy Stock in Versabank
To reiterate, here are the 6 steps for buying Versabank stock:
- Figure out where to buy Versabank stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Research Versabank stock
- Place your VBNK buy order
- Keep an eye on your investment in VBNK
If you require a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to watch your investment in Versabank, click the button below.
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