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Versabank T.VBNK

Alternate Symbol(s):  VBNK

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

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Post by SamRothsteinon Dec 09, 2020 2:53pm
221 Views
Post# 32069518

$0.05 cents away from all time high in feb 2018

$0.05 cents away from all time high in feb 2018Finally VB is coming to life.  You needed patience of saint to own this stock.  I think the Digital Boundary Group purchase was so smart, short and long term, and as pointed out, immmediately accretive.   I have yet to see an insider sell a share of VB and the buying continues.   I think 2021 is finally going to be the year VB gets closer to what it is worth. Currently has price to tangible book value of 0.72, price to free cash flow of 1.2, and net gearing of -56.74.   With 12 forecasted PE of 8.1, a PEG of 0.6.  It will pop up on the momentum screens as well as value screens.   I am hoping once stock crossed $10 that they start considering selling some shares to not only raise capital but to make this more liquid as that is a big problem for this stock.   the float and volume are so low that even a larger retail player has trouble accumulating with massively impacting price.   
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