Added to YB: 2024-08-28
Pitch date: 2024-08-26
VBNK [bullish]
VersaBank
+68.71%
current return
Author Info
Cluseau Research seeks to exploit these two edges by identifying special situations that provide a compelling risk-to-reward that are “off limits” to traditional Institutional Investors. Sign up for the newsletter.
Company Info
VersaBank provides various banking products and services in Canada and the United States. The company operates through Digital Banking Canada; Digital Banking USA; and DRTC (cybersecurity services and banking and financial technology development) segments.
Market Cap
CAD 1.0B
Pitch Price
CAD 12.98
Price Target
N/A
Dividend
0.32%
EV/EBITDA
N/A
P/E
33.30
EV/Sales
N/A
Sector
Banks
Category
growth
The Fastest Growing Bank You've Never Heard Of - $VBNK, You Decide
VBNK: Innovative digital bank w/ 46% insider ownership. Receivables Purchase Program offers superior financing for Point-of-Sale partners. No credit losses since inception. Imminent US expansion. Trading at 6.9x 2025 P/E, 1.15x P/TBV. 19% 5yr NI CAGR. Cyber division sale potential. Risks: economic downturn, capital constraints.
Read full article (22 min)