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Bullboard - Stock Discussion Forum 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... see more

TSX:VBNK - Post Discussion

VersaBank > Analysis
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Post by retiredcf on Mar 20, 2023 3:44pm

Analysis

VBNK 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)

Comment by oldertrader on Jun 20, 2023 11:00am
TRUST ME TO SEE THIS POST WHEN IT IS AT THE UPPER Bollinger band and a down day for the markets!