Insider Buying: Versabank (VB) Insider Buys 3,000 Shares of Stock
Versabank (TSE:VB) insider Ross P. Duggan bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The shares were purchased at an average cost of C$4.78 per share, with a total value of C$14,340.00.
Shares of Versabank (TSE:VB) traded up 0.42% during midday trading on Monday, hitting $4.75. The stock had a trading volume of 37,055 shares. The firm’s 50-day moving average price is $4.51 and its 200-day moving average price is $4.83. Versabank has a one year low of $4.27 and a one year high of $5.98. The firm has a market capitalization of $100.33 million and a PE ratio of 6.00.
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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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