VersaBank (T:VBNK)
Business Focus: Banks (NEC)
Sunny as of September 01, 2023
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Latest 10 SEDI filings for VBNK within the last 6 months
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Company News
Aug 30, 2023 07:00 ET
VERSABANK DECLARES DIVIDENDS
LONDON, ON, Aug. 30, 2023 /CNW/ - VersaBank (the "Bank") (TSX: VBNK) (NASDAQ: VBNK) today announced that cash dividends in the amount of CAD $0.025 per Common Share of the Bank and CAD $0.1693 per Series 1 Preferred Share of the Bank, have been declared for the quarter ending October 31, 2023, payable as of October 31, 2023, to shareholders of record at the close of business on October 6, 2023.
Aug 30, 2023 07:00 ET
VERSABANK REPORTS CONTINUED STRONG RESULTS FOR THIRD QUARTER 2023 HIGHLIGHTED BY 75% YEAR-OVER-YEAR GROWTH IN NET INCOME AND 90% YEAR-OVER-YEAR GROWTH IN EPS
– Digital Banking Operations Increasingly Benefitting from Operating Leverage with Continued Strong Growth in Loan Portfolio –
Valuation Ratios
Industry
Sector
Beta
1.00
--
--
Price to Sales - TTM
2.67
2.29
4.19
Price to Book - most recent quarter
0.79
1.12
1.38
Price to Cash Flow per share - TTM
7.49
9.77
8.57
Price to Free Cash Flow per share - TTM
8.59
8.67
16.69
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Sep 15, 2023 | 3,048 | -1,639 |
| Aug 31, 2023 | 4,687 | -1,593 |
| Aug 15, 2023 | 6,280 | 2,135 |
Business Summary
| Sector: Financials | Industry: Banks |
VersaBank is a Canada-based chartered bank. The Bank provides commercial lending and banking services in Canada and the United States, as well as cybersecurity services and banking and financial technology development services through the operations of its wholly owned subsidiary DRT Cyber Inc. (DRTC). It operates through two segments: Digital Banking and DRTC (cybersecurity services). Digital Banking segment obtains its deposits and provides its loans and leases electronically via deposit and lending solutions for financial intermediaries. DRTC segment develops solutions to address the volume of cyber threats challenging financial institutions, multi-national corporations and government entities. Its loan portfolio includes point-of-sale loans and leases, commercial real estate mortgages, commercial real estate loans and public sector and other financing. It also offers tax-free savings accounts, guaranteed investment certificates, and registered retirement savings plans.
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