Versabank T.VBNK

Alternate Symbol(s): VBNK

Financial Services Banks - Global

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). The Digital Banking segment obtains its deposits and provides its loans and leases electronically via deposit and lending solutions for financial intermediaries. Its loan portfolio includes point-of-sale loans and leases, commercial real estate mortgages, commercial real estate loans and public sector and other financing. The DRTC segment develops solutions to address the volume of cyber threats challenging financial institutions, multi-national corporations and government entities. It also offers receivable purchase program (RPP) funding solution for point-of-sale finance companies.

TSX:VBNK - Post by User

Versabank

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Post by Tim2Agamion Aug 29, 2019 8:13am

316 Views

Post# 30078340

Needles

Ticking over nicely on all indicators -- earnings, P/E, P/B -- but still not able to move the needle.

In fact, the needle is moving in the wrong direction.

Still, amongst the "new" financials, a position n VB is worth holding and adding "at these levels"

DYODD

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