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 $12.58, down 1.72% from the previous day, and has increased 56.08% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.28 percentage points. Versabank stock is currently +73.76% from its 52-week low of $7.24, and -11.53% from its 52-week high of $14.22.
As of Sep 6, 2024, there are 25.96M shares of VBNK outstanding. The market capitalization of VBNK is $326.63M. In the past 24 hours, 30,839 VBNK shares were traded.
How to Buy Versabank Stock
Wondering how to invest in Versabank stock? Here's how.
- Figure out where to buy Versabank stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you determine where to buy Versabank stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Pick your payment method and add your information.
- 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 research tools can help you understand 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 the latest updates on your position in Versabank shares.
Step 1: Figure out where to buy Versabank stock
You will need a brokerage account in order to access the NASDAQ market and buy VBNK shares.
Our recommended brokerage: eToro
Based on our analysis, eToro is the best place to buy stocks. Here's why:
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- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by creating an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the right brokerage, you'll need to fill out some personal info so you can buy VBNK stock today.
How to Open a New Investment 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 details to open your new brokerage account.
- Send your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have finished signing up on the greatest app to buy stocks, your next step is to transfer the money for your investment:
Check out the video below for more details depositing funds into your new brokerage account.
Step 4: Research Versabank stock
After you have selected the best place to buy Versabank stock, it's crucial to analyze their stock before you buy, so you can comprehend the risk and opportunity.
Overview of key VBNK info
Fundamentals of VBNK
WallStreetZen was designed to help average investors perform more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on VBNK's stock page.
Is VBNK stock undervalued?
Investors use many financial metrics, analyses, models, and charts to gauge VBNK's intrinsic value.
Using relative valuations metrics:
- VBNK may be undervalued based on its P/E ratio of 9.72x, relative to Banks - Regional industry P/E ratio of 11.99x
- VBNK may be undervalued based on its P/B ratio of 1.09x, relative to Banks - Regional industry P/B ratio of 1.1x
- VBNK could be overvalued based on its PEG ratio of 1.47x
You can access more valuation analysis on VBNK's stock here.
A look at VBNK Cashflows and Balance Sheet
Passed Financial Due Diligence Checks:
- VBNK's operating cash flow of $140.67M allows it to safely service it's debt of $74.74M.
- VBNK earnings of $46.79M is not enough to cover its interest payments.
- VBNK profit margin has gone up from 34.8% to 41.1% in the past year.
Failed Financial Due Diligence Checks:
- VBNK has a relatively high debt to equity ratio of 10.04.
Do analysts think it's a good time to buy VBNK stock
Out of 1 Equities analysts who research VBNK, the consensus analyst rating on Versabank is a Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are projecting on the Versabank stock forecast page.
Metrics for Advanced VBNK Traders
How are VBNK Revenues/Earnings doing?
Last year, VBNK earnings were $34.35M. During the past two year, VBNK's earnings have grown by 43.48% per year. This was slower than the Banks - Regional industry average of 104.18%.
Last year, VBNK revenue was $83.47M. During the last two year, VBNK's revenue has grown by 17.57% per year. This was slower than the Banks - Regional industry average of 17.73%.
Find out more about VBNK's earnings and revenue performance here.
Latest Insiders Trades at VBNK
Over the last year, executives and large shareholders at VBNK have not bought or sold any shares.
Dig into more about who owns VBNK shares here.
Can I get consistent income from VBNK stock?
No, Versabank doesn't provide an income stream by paying out dividends.
What others are saying about VBNK
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Place your VBNK buy order
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific price, place a limit order.
Press the Open button and your broker will execute your order.
If you want more help with buying stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your investment in VBNK
Now that you own some VBNK stock, you'll want to stay up-to-date on your new stock purchase.
Make a watchlist to track the most important metrics related to your VBNK stock.
VBNK Feed
How to Buy Stock in Versabank
To reiterate, here are the 6 steps to buy 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 need a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you want to watch your investment in Versabank, add VBNK to your watchlist by clicking the button below.
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