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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

Post by retiredcfon Mar 07, 2024 3:08pm
262 Views
Post# 35921162

Analyst Coverage

Analyst CoverageFrom the VBNK website, these are the analysts who provide coverage. I'm also surprised that there's nothing from CIBC as unless there have been major changes in the past two months, they are a large shareholder. GLTA

Raymond James David Feaster
Acumen Capital Trevor Reynolds
Keefe, Bruyette & Woods Mike Rizvanovic
Top Institutional Holders
 
Holder Shares Date Reported % Out Value
 
Alliancebernstein L.P. 1,609,824  Dec 30, 2023  6.20%  17,466,591
Cibc World Markets, Inc. 1,218,971   Dec 30, 2023   4.69%   13,225,835
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