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VersaBank (T:VB)

Business Focus: Banks

INK Edge Outlook

Insider Chart - Past 6 Months

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Insider Filings

Latest 10 SEDI filings for VB within the last 6 months
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Company News

Apr 22, 2021 07:30 ET
VersaBank Announces the Results of Its 2021 Meeting of Shareholders
LONDON, ON, April 22, 2021 /CNW/ - VersaBank (TSX: VB) ("VersaBank" or the "Bank") reports the results of its 2021 Annual and Special Meeting of Shareholders (the "Meeting") held in London, Ontario on April 21, 2021.
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Apr 21, 2021 20:45 ET
VersaBank Announces Pricing of US$75 Million In Fixed to Floating Rate Subordinated Notes Due 2031
NEW YORK, April 21, 2021 /CNW/ - VersaBank ("VersaBank" or the "Bank") today announced the pricing of US$75 million aggregate principal amount of 5.00% fixed to floating rate subordinated notes due 2031 (the "Notes") in a private offering to qualified institutional buyers pursuant to Rule 144A and to non-U.S. persons outside of the United States in reliance on Regulation S under the Securities Act of 1933, as amended (the "Securities Act"). In Canada, the Notes are to be offered and sold on a private placement basis in certain provinces of Canada in reliance upon one or more exemptions from
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Valuation Ratios

Industry
Sector
Beta
1.11
--
--
Price to Sales - TTM
5.64
3.37
9.47
Price to Book - most recent quarter
1.37
1.47
2.26
Price to Cash Flow per share - TTM
16.90
11.49
13.53
Price to Free Cash Flow per share - TTM
2.60
1.75
18.73
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Apr 15, 20216,47698
Mar 31, 20216,378-81,664
Mar 15, 202188,042-99,438
See Short Report

Business Summary

Sector:  Financials Industry:  Banks

VersaBank, formerly Pacific & Western Bank of Canada (the Bank,) is a Canada-based chartered bank, which operates using an electronic branchless model. It sources deposits, consumer loans, commercial loans and leases electronically. The Bank also makes residential development and commercial mortgages as its sources through a network of brokers and direct contact with its lending staff. It operates through Banking segment. The Bank provides financing in the form of commercial and consumer loans, and lease receivables sourced through the Bank's bulk purchase program. It also finances real estate developers in Southwestern Ontario and provides consumer lending through its private label credit card program. Its loan portfolio includes residential multi-family mortgages, commercial and consumer loans and leases, commercial mortgages, government financings and credit card receivables. Its commercial and consumer loans, and leases consist of commercial loans to investment grade corporations.

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