The stock of VersaBank (TSE:VB) is a huge mover today! About 22,217 shares traded hands or 536.41% up from the average. VersaBank (TSE:VB) has risen 23.14% since February 3, 2016 and is uptrending. It has outperformed by 6.65% the S&P500.
The move comes after 5 months negative chart setup for the $110.95 million company. It was reported on Sep, 13 by Barchart.com. We have $4.77 PT which if reached, will make TSE:VB worth $15.53M less.
VersaBank, formerly Pacific & Western Bank of Canada is a Canada chartered bank, which operates using an electronic branchless model. The company has a market cap of $110.95 million. It sources deposits, consumer loans, commercial loans and leases electronically. It has a 11.69 P/E ratio. The Bank also makes residential development and commercial mortgages as its sources through a network of brokers and direct contact with its lending staff.
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