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Bullboard - Stock Discussion Forum 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... see more

TSX:VBNK - Post Discussion

Versabank > Assessment
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Post by retiredcf on Oct 15, 2024 7:30am

Assessment

This also helps. GLTA

VBNK has done very well, up 43% this year, yet is still relatively cheap at 12X earnings. Growth has been good and consistent, with EPS doubling from 2022 to this year's estimates, with a further 40%+ growth expected in 2025. The last quarter was a bit mixed, however. Insiders own 13% directly and 33% through a holding company, so the float is very tight. It has size risk and sector risk, but otherwise looks quite good for a small cap investment in the financial sector. It has been profitable every year since 2013. (5iResearch)


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