VersaBank To See Modest Expansion In Net Interest Margins: Analyst

Roth MKM analyst Craig Irwin initiated coverage on VersaBank VBNK with a price target of $18. Following the August 2024 acquisition of Stearns Bank Holdings, VersaBank is now federally chartered in both the U.S. and Canada. According to the analyst, management plans to implement VersaBank's proven, risk-mitigated point-of-sale lending model in the U.S. to enhance leverage and deliver long-term value in this larger, more profitable market. Irwin says VersaBank's technology infrastructure enables it to digita ...