Insider Buying: Versabank (VB) Director Acquires 2,500 Shares of Stock
Versabank (TSE:VB) Director Thomas A. Hockin bought 2,500 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were bought at an average cost of C$4.42 per share, for a total transaction of C$11,050.00.
Versabank (VB) traded down 0.68% during mid-day trading on Monday, hitting $4.38. The stock had a trading volume of 44,343 shares. The firm has a 50-day moving average of $4.53 and a 200-day moving average of $4.85. Versabank has a 52-week low of $4.27 and a 52-week high of $5.98. The stock has a market cap of $92.52 million and a P/E ratio of 5.53.
VersaBank, formerly Pacific & Western Bank of Canada (the Bank,) is a Canada-based chartered bank, which operates using an electronic branchless model. It sources deposits, consumer loans, commercial loans and leases electronically. 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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