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VersaBank (T:VB)

Business Focus: Banks

INK Edge Outlook

Insider Chart - Past 6 Months

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Insider Filings

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

Sep 08, 2020 07:00 ET
VersaBank Adds Simply Group Financial as Point-of-Sale Partner With Initial Financing of $72 Million
VersaBank (“VersaBank” or the “Bank”) (TSX: VB) today announced that it has partnered with Simply Group Financial Corp. (“Simply Group Financial”) for its Point-of-Sale Financing business. Simply Group Financial is a subsidiary of Simply Green Home Services Inc., parent corporation of the “Simply Group”, one of Canada’s fastest growing home energy solution, home improvement and consumer lending businesses. As partners, VersaBank will provide Simply Financial with financing to facilitate ongoing loan origination utilizing VersaBank’s proprietary software solution. In their first transaction, Ve
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Aug 26, 2020 07:00 ET
VersaBank Declares Dividends
VersaBank (the “Bank”) (TSX:VB) today announced that a cash dividend in the amount of $0.025 per Common Share of the Bank has been declared for the quarter ending October 31, 2020, payable as of October 31, 2020, to shareholders of record at the close of business on October 2, 2020.
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Valuation Ratios

Industry
Sector
Beta
1.05
--
--
Price to Sales - TTM
2.77
2.42
7.17
Price to Book - most recent quarter
0.67
1.13
1.89
Price to Cash Flow per share - TTM
7.93
8.86
13.57
Price to Free Cash Flow per share - TTM
0.57
1.76
17.99
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Sep 15, 20203,9522,424
Aug 31, 20201,528-2,385
Aug 15, 20203,9131,605
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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