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VersaBank (T:VB)

Business Focus: Banks

INK Edge Outlook

Mostly sunny as of November 01, 2019
For the latest outlook, get the company report

Insider Chart - Past 6 Months

Insider Filings

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

Nov 04, 2019 07:30 ET
VersaBank to Increase Quarterly Common Share Dividend to 2.5 Cents Starting January 31, 2020
VersaBank (TSX:VB) today announced that its Board of Directors have declared an increase on the quarterly cash dividends on its Common Shares (TSX:VB).
Read full article
Oct 23, 2019 07:30 ET
VersaBank Announces Conversion Results for Series 1 Preferred Shares
VersaBank (TSX: VB) (the “Bank”) announces that none of its outstanding 1,461,460 non-cumulative 5-year rate reset preferred shares, series 1 (the “Series 1 Preferred Shares”) will be converted into non-cumulative floating rate preferred shares, series 2 (the “Series 2 Preferred Shares”) on October 31, 2019 (the “Series 1 Conversion Date”).
Read full article
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Valuation Ratios

Industry
Sector
Beta
0.99
--
--
Price to Sales - TTM
2.86
2.89
7.55
Price to Book - most recent quarter
0.75
1.38
1.46
Price to Cash Flow per share - TTM
8.35
9.87
11.42
Price to Free Cash Flow per share - TTM
--
9.19
18.49
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Nov 15, 20195,0902,622
Oct 31, 20192,4681,246
Oct 15, 20191,222-1,178
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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