VersaBank (VBNK)
VersaBank operates in the Banks - Regional industry of the Financial Services sector, headquartered in London, ON, CA. The stock last traded at $19.21, down 0.23% on the session, giving a market capitalisation of $618.6M. On trailing twelve-month figures it carries a trailing P/E of 28.50, a net margin of 9.3%. Its beta of 1.10 implies it has historically moved more than the broad market.
VersaBank, a federally regulated financial institution (Schedule I chartered bank) operating across Canada, delivers a diverse array of banking and lending solutions. Clients can choose from various deposit products, including Guaranteed Investment Certificates (GICs), Registered Retirement Savings Plans (RRSPs), Daily Interest Savings Accounts (DISAs), and Tax-Free Savings Accounts (TFSAs), all complemented by deposit protection. The bank also provides comprehensive lending services. This includes point-of-sale financing, where it acquires loan and lease receivables from other finance companies across numerous industries. Additionally, its commercial banking division supports sectors such as commercial real estate, public sector and infrastructure projects, condominium financing, and residential mortgages. Established in 1979, the institution was initially known as Pacific & Western Bank of Canada before adopting its current name, VersaBank, in May 2016. The company maintains its headquarters in London, Canada.
VersaBank is most often compared with the following Financial Services names: