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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 Aug 28, 2024 3:55pm
249 Views
Post# 36200007

Minimal Coverage

Minimal CoverageAside from Keystone (who it seems clear will sing its praises at the upcoming Toronto Money Show), some favourable comments from 5iResearch and a long ago exceeded Raymond James target, I don't see any other analyst coverage. Also, a bit hard to believe but it has never been mentioned on Market Call. Can you imagine how well this stock would be doing if more people were aware of it? Mind you, Ryan Irvine stated that this is one of those companies that you simply buy and salt away for the next 5 - 10 years. And it's cheaper to salt it away now than it will be after the word gets out. GLTA
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