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VersaBank (T:VB)

Business Focus: Banks

INK Edge Outlook

Mostly sunny as of June 01, 2021
For the latest outlook, get the company report

Insider Chart - Past 6 Months

INK Ultra Money Free

Insider Filings

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

May 27, 2021 07:00 ET
VersaBank Declares Dividends
LONDON, ON, May 27, 2021 /CNW/ - VersaBank (the "Bank") (TSX: VB) today announced that cash dividends in the amount of $0.025 per Common Share of the Bank and $0.1693 per Series 1 Preferred Share of the Bank, have been declared for the quarter ending July 31, 2021, payable as of July 31, 2021, to shareholders of record at the close of business on July 2, 2021.
Read full article
May 27, 2021 07:00 ET
VersaBank Reports Continued Strong Results for Second Quarter 2021, Highlighted By Record Net Income(3)
– Strong Year-over-Year and Sequential Momentum Driven by Continued Redeployment of Cash, Driving Record Lending Asset Balances, Record Low Cost of Funds and Record Revenue
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Valuation Ratios

Industry
Sector
Beta
1.06
--
--
Price to Sales - TTM
4.72
3.39
9.52
Price to Book - most recent quarter
1.16
1.54
2.09
Price to Cash Flow per share - TTM
13.95
10.55
10.68
Price to Free Cash Flow per share - TTM
--
3.44
19.09
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Jun 15, 20214,257-3,125
May 31, 20217,3825,109
May 15, 20212,273-3,592
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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