Versabank T.VBNK

VersaBank Initiated as Buy $18TP by Stifel

[Rational43]

VersaBank initiated with a Buy at Stifel Stifel analyst Cihan Tuncay initiated coverage of VersaBank with a Buy rating and C$18 price target. The "fully digital bank" provides funding for Canada's leading technology based point-of-sale consumer finance platforms, said Tuncay, who said his positive outlook is "rooted in robust digital POS finance growth, as a function of increased e-commerce activity," as well as VersaBank's potential to enter new POS verticals.

Read more at:
https://thefly.com/n.php?id=3250437

[microcaphobby]

Thanks for the info. Stifel is a decent sized brokerage/invrestment  house that trades on the NYSE. This could  provide  VB some US exposure. If the yankees like VB then $18 will look cheap.

[Rational43]

180,000 shares traded today so far, word's getting out.   When this inevitably announces some type of direct Crytpcurrency connection, its going to rise 100%+ in a day.  Than continue rising from there. And, if for some odd reason they never pursue that obvious marketing angle, and just continue being a premier online bank growing earnings at 25% a year, trading at 12 times

[Jackson2774]

Rational43, I like the way you're thinking... because I agree with you.