Versabank T.VBNK

22 cents first q in line with what Stifel was expecting

[microcaphobby]

Stifel estimates $1.02 for 2021 and $1.26 for 2022. DBG looks to be on track to contribute at least 8 cents a share profit for the year. I have been told that it has potential to contribute as much as 15 cents a share this year. If that is the case then 2021 earnings might be closer to $1.10.

[arizonabound]

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[McStockBigMac]

No one knows. I'm assuming not anytime soon. I'm only saying this because it seems like they want to make more moves and will require money to do so. If they gave that money away to dividends, they would either have to dilute or cut back on dividend, which makes the company look bad. The share price itself going up like this is enough for me. I'm hoping share price goes high enough for

[ferret_ca]

I'd be happy if they cut the divy alltogether and used it all for growth, at some point they will raise more cash by issueing shares but most likely it'll be some kind of acretive deal, they'll need more liquidity at some point if/when they go on the nasdaq.  I'm retired and love my divs but I bought this for growth not income, what an awesome day for VB though. cheers

[ferret_ca]

It's not that I want them to cut the divy, I think they need to leave it as banks do have divies so it does qualify for certain investment criteria for so some funds and etfs but they shouldn't be growing it while in a mega growth environment and don't think they will, jmho. this company has a long ways to go before it matures into more of an income stock.   cheers ferret

[biggerr]

Wouldn't it be funny if this VCAD took off and became a major coin, VB would be worth $$ billions. Right now it's only $340 mil. cap which is nothing for a chartered Schedule 1 bank