Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

VersaBank T.VBNK

Alternate Symbol(s):  VBNK | T.VBNK.P.A

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.


TSX:VBNK - Post by User

Post by retiredcfon Mar 20, 2023 3:44pm
399 Views
Post# 35349667

Analysis

AnalysisVBNK is barely followed by analysts but I found this opinion. While it is tough to buy because it's so illiquid, what I like is the considerable amount of insider buying. It began in earnest around mid August and then really picked up steam on 7 Dec following its earnings release. And as can be seen below, their latest earnings were also very impressive. In addition, I saw a report that its fair value is $14.04. In light of these factors,  it seemed like a good time to take advantage of weakness in the financial sector so I iniitated a position. GLTA

(14 March) Can I get your take on Q4 and moving forward with this name?

VBNK is very cheap at 6X earnings, with a 1% dividend  that has shown some growth. Its small size adds risks and the banking sector is more or less under siege right now. But it has demonstrated good historical growth and the last quarter was very solid. Insiders own 36%. Certainly it needs to be considered risky, but it is priced well and doing well. (5iResearch)

<< Previous
Bullboard Posts
Next >>