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: 2024Apr05. Dividend Payment Schedule: 2024JAN05 , 2024APR05 , 2024JUL05 , 2024OCT05

Next Ex-Dividend Date: 2024Apr30. Ex Dividend Date Schedule: 2024JAN31 , 2024APR30 , 2024JUL31 , 2024OCT31

 

VersaBank Preferred share Credit Ratings

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

A.M. Best FITCH S&P DBRS S&P Global Moody's
NR

VersaBank Common Share Metrics

Symbol: VBNKCurrency: CADMarket Cap: $389,466,400Price: $15.16
P/E: 15.31P/B: PriceDividend: $0.025Yield: 0.66%
Beta:



 
 

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

NOTE: Dividend dates are not fixed. The dates shown here are estimated and most likely a few days off. Do not make trades based on these dates. Always check with the issuer for the correct dates.


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


  1. Reset Date.
  2. Reset (Yield | Dividend). Represents the yield and dividend for the current issue after the upcoming reset. For this calculation it’s assumed the key rates are going to be the same as todays published rates. The reset yield is the sum of the key rate for the base term (5YR, 3Month, etc) plus the published spread. Since we do not know what the key rate will be at the time of the reset we assume its going to be the same as today. The ability to use a different set of rates during this caclulation is planned for a future release.
  3. Blended (Yield | Dividend).
  4. Rate Change Percent.
  5. Rate Change To Value.
  6. New Spread Change. It shows the effect or the current price on the issue spread of the preferred. It shows the percent increase/decrease of the new spread
  7. New Spread Value.
  8. Short Position.
  9. Additional Features.
  10. Years To Double Initial Investment. How many years will it take for the initial investment to double.
  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 2024-Feb-16 19:03, Model Metrics 2024-Feb-20 18:11
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 $9.90$10.20$9.305YR + 5.43%06.83% $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 2024-Feb-16 19:03, Model Metrics 2024-Feb-20 18:11
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 2024NOV0106.83% $0.67608.01% $0.7907.83% $0.77001% 8.01%8.52% $0.8408.26% $0.81001% 8.52%9.02% $0.8908.69% $0.86001% 9.02%




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.