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VersaBank (T:VB)

Business Focus: Banks

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Insider Chart - Past 6 Months

Insider Filings

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

May 21, 2019 12:00 ET
VersaBank Subsidiary VersaVault Licences VersaVault to Chairmans Financial B.V. To Provide Global Clients With Full Suite of Banking Services
VersaVault Inc. (“VersaVault”), a subsidiary of VersaBank, has entered into an exclusive licence agreement with Chairmans Financial B.V. (“Chairmans”), a company registered in the Netherlands operating in financial services. Chairmans is not related to VersaBank or any of its officers or directors.
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May 14, 2019 18:35 ET
VersaBank to Announce Second Quarter Financial Results and Host Conference Call on May 29, 2019
VersaBank (TSX: VB, VB.PR.A, VB.PR.B) (“VersaBank”) announced today that it will release its Second Quarter 2019 financial results on May 29, which will be made available at the Bank’s website (versabank.com) and SEDAR (
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Valuation Ratios

Industry
Sector
Beta
0.85
--
--
Price to Sales - TTM
2.92
2.90
7.49
Price to Book - most recent quarter
0.78
1.41
1.55
Price to Cash Flow per share - TTM
8.72
9.35
10.78
Price to Free Cash Flow per share - TTM
7.01
10.19
19.97
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Apr 30, 20191,185-3,967
Apr 15, 20195,1522,491
Mar 31, 20192,661-1,506
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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