VersaBank (T:VBNK)
Business Focus: Banks (NEC)
Sunny as of April 01, 2024
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Latest 10 SEDI filings for VBNK within the last 6 months
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Company News
Apr 18, 2024 07:30 ET
VERSABANK ANNOUNCES THE RESULTS OF ITS 2024 MEETING OF SHAREHOLDERS
LONDON, ON, April 18, 2024 /PRNewswire/ - VersaBank (TSX: VBNK) (NASDAQ: VBNK) ("VersaBank" or the "Bank") reports the results of its 2024 Annual and Special Meeting of Shareholders (the "Meeting") held in London, Ontario on April 17, 2024.
Apr 18, 2024 07:30 ET
VERSABANK ANNOUNCES THE RESULTS OF ITS 2024 MEETING OF SHAREHOLDERS
LONDON, ON, April 18, 2024 /CNW/ - VersaBank (TSX: VBNK) (NASDAQ: VBNK) ("VersaBank" or the "Bank") reports the results of its 2024 Annual and Special Meeting of Shareholders (the "Meeting") held in London, Ontario on April 17, 2024.
Valuation Ratios
Industry
Sector
Beta
1.08
--
--
Price to Sales - TTM
3.21
2.50
4.92
Price to Book - most recent quarter
0.96
1.18
1.61
Price to Cash Flow per share - TTM
7.74
8.89
8.80
Price to Free Cash Flow per share - TTM
15.94
26.33
20.56
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Mar 31, 2024 | 23,277 | 8,923 |
| Mar 15, 2024 | 14,354 | -16,192 |
| Feb 29, 2024 | 30,546 | 12,955 |
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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