Rank VersaBank Preferreds

This compare tool allows you to Rank VersaBank Preferreds, based on the latest stock information available. Our goal is to provide you with the information and metrics related to the VersaBank preferreds. Your goal is to establish which preferred will provide you the best returns. If you are buying today, these tools will expedite and aid the selection process. Given all the data available here, an informed decision is within reach.

In a market with low volumes you can use this information to identify mispriced shares. Since all preferreds belong to the same issuer, the risk is the same for all of them.

VersaBank Brief Overview

Visit the VersaBank company website to see the preferred share prospectus, news and other information.

Sector: Financial services/ banks.

Core businesses and operations:

  1. Digital only bank was banking reimagined by engineers, unimpeded by legacy infrastructure, or legacy thinking.

The latest information and statistics on their common stock VBNK, can be easily accessed using websites like TMX Money.

Next Dividend Pay Date: 2023Apr05. Dividend Payment Schedule: 2023JAN05 , 2023APR05 , 2023JUL05 , 2023OCT05

Ex Dividend Date Schedule: 2023JAN31 , 2023APR30 , 2023JUL31 , 2023OCT31


VersaBank Credit Rating

The latest credit rating for VersaBank are listed in the table below. For additional information on credit rating agencies and codes see our article Credit Rating Symbols.

S&P CorporateS&P PreferredsDBRS Long TermDBRS PreferredsS&P Global CorporateS&P Global PreferredsMoody's LongTermFitch Long TermFitch Short Term

VersaBank Common Share Metrics

Symbol: TSE:VBNKCurrency: CADMarket Cap: $263,894,900Price: $9.95
P/E: 15.31P/B: 0.92Dividend: $0.025Yield: 1.01%


Rank VersaBank Preferreds - Compare Tool.

If you need more information on how to use the metrics below, watch our video Introduction to Compare Tools or see our post how to pick the best preferred share of a company

The following metrics are now only available on the premium version of this tool:

  1. Reset Date. The date of the upcoming reset for this issue. During the reset the new dividend will be determined by the issuer as outlined in the prospectus.
  2. Reset (Yield | Dividend).
  3. Blended (Yield | Dividend).
  4. Rate Change Percent.
  5. Rate Change To Value. This reflects the effect or the current price on the issue rate of the preferred. Here you see the percent increase/decrease of the new rate due to its drop or rise of its share value
  6. New Spread Change.
  7. New Spread Value.
  8. Short Position.
  9. Additional Features. A set of codes for additional features of the preferred share
  10. Years To Double Initial Investment.
  11. Outstanding float.
  12. Market Cap In Bilions.
  13. Common Stock P/E Ratio.
  14. Common Stock P/B Ratio.
  15. Common Stock Yield.
Last Updated: Market Data 2023-Mar-13 09:15, Model Metrics 2023-Mar-13 09:46
SymbolPrice52W High52W Low
Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
Current (Yield Dividend)Name
VBNK-A VBNK.PR.A $9.75$10.38$9.005YR + 5.43%06.93% $0.6760Non-Cumulative_5-Year_Rate_Reset_Preferred_Shares,_Series_1


Reset Scenarios Based on Various G.O.C. 5 Year Bond Yield Rates

The following table presents 6 scenarios, of the issues resetting based on different 5 Year Bond rates. Each scenario consists of 3 columns and grouped by color. The rates assumed for the reset are as follows:
  • Scenario 1: 5YR GOC Rate is set at 2.50%
  • Scenario 2: 5YR GOC Rate is set at 3.0%
  • Scenario 3: 5YR GOC Rate is set at 3.50%
  • Scenario 4: 5YR GOC Rate is set at 4.00%
  • Scenario 5: 5YR GOC Rate is set at 4.5%
  • Scenario 6: 5YR GOC Rate is set at 5.0%

Note: Only the first 3 "What if scenarios" of the total 6 are available on the Free Site. All 6 scenarios can be viewed in the premium site

For more information please review our video and/or post. Links available at the bottom of the page

Rank Preferreds - Compare Reset Scenarios

Last Updated: Market Data 2023-Mar-13 09:15, Model Metrics 2023-Mar-13 09:46
Credit RatingSymbolReset Date Y/M/DCurrent (Yield Dividend)
5Yr @ 2.50%. Reset (Yield Dividend)Scenario: 1 yield and dividend based on GOC 5yr Rate of 5Yr @ 2.50%.
5Yr @ 2.50%. Blended (Yield Dividend)5Yr @ 2.50%. Rate Change (percent | to value )
5Yr @ 3.0%. Reset (Yield Dividend)Scenario: 2 yield and dividend based on GOC 5yr Rate of 5Yr @ 3.0%.
5Yr @ 3.0%. Blended (Yield Dividend)5Yr @ 3.0%. Rate Change (percent | to value )
5Yr @ 3.50%. Reset (Yield Dividend)Scenario: 3 yield and dividend based on GOC 5yr Rate of 5Yr @ 3.50%.
5Yr @ 3.50%. Blended (Yield Dividend)5Yr @ 3.50%. Rate Change (percent | to value )
NRVBNK-A VBNK.PR.A 2024NOV0106.93% $0.67608.13% $0.7907.71% $0.75002% 8.13%8.65% $0.8408.04% $0.78002% 8.65%9.16% $0.8908.38% $0.81002% 9.16%

Current yields over time

The graph below shows the current yield of each VersaBank preferred share, over time. Place the mouse cursor over the graph to reveal data like (date, ticker and current Yield).
When viewing the graph below keep in mind the following
  1. The yield has an inverse relationshlp to the share price. As the share price rises towards face value the yield gets lower.
  2. For 5 year resets, at reset time the yield usually makes a substantial move up or down when the reset takes effect.