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VersaBank (T:VB)

Business Focus: Banks

INK Edge Outlook

Mostly sunny as of June 01, 2020
For the latest outlook, get the company report

Insider Chart - Past 6 Months

INK Ultra Money Free

Insider Filings

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

Jun 29, 2020 07:30 ET
VersaBank Celebrates 40 Years as Canada’s “Bank of the Future”
VersaBank is celebrating its 40th anniversary. The Bank started as Pacific Western Trust Corporation (often known as Pacific & Western Trust) in Saskatoon, SK and received its certificate of incorporation on June 11, 1979. It was granted a licence to operate on October 12, 1979.
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Jun 11, 2020 07:30 ET
VersaBank Adds Three New Insolvency Professional Deposit Partners, Further Expanding Its Access to Very Low-cost Deposit Funding to Support Continued Growth
VersaBank (“VersaBank” or the “Bank”) today announced that it has added three new partners in its Insolvency Professional Deposits business, further expanding its access to very low-cost deposit funding, and further strengthening a core element of its business model to support continued growth, while providing additional risk-mitigation through increased deposit diversification.
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Valuation Ratios

Industry
Sector
Beta
1.07
--
--
Price to Sales - TTM
2.44
2.28
6.99
Price to Book - most recent quarter
0.62
1.06
1.74
Price to Cash Flow per share - TTM
7.00
8.11
9.80
Price to Free Cash Flow per share - TTM
0.58
0.98
16.69
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Jun 30, 20201,383439
Jun 15, 2020944-4,604
May 31, 20205,5482,541
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.

See business summary

 

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