VersaBank: Pay Up for Growth — Buy on a Measured Pullback
VersaBank (VBNK) looks expensive on headline multiples - a market cap of $724.9M, a PE of 29.4 and PB near 1.8 - but the company’s digital banking model, fee-bearing custody business and the approved U.S. expansion path give it upside if execution normalizes. I recommend a cautious long: entry $22.44, stop $19.00, target $27.00, mid-term horizon (4…