The Chief Credit Officer of Versabank (Other OTC: VRRKF) is Buying Shares

By Carrie Williams

Today, the Chief Credit Officer of Versabank (VRRKFResearch Report), Nikola Kristo, bought shares of VRRKF for $17.5K.

This recent transaction increases Nikola Kristo’s holding in the company by 50% to a total of $32.22K. In addition to Nikola Kristo, 5 other VRRKF executives reported Buy trades in the last month.

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Based on Versabank’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $13.73 million and quarterly net profit of $4.75 million. In comparison, last year the company earned revenue of $13.64 million and had a net profit of $5.41 million. VRRKF’s market cap is $113 million and the company has a P/E ratio of 8.80. The company has a one-year high of $5.86 and a one-year low of $3.93.

The insider sentiment on Versabank has been positive according to 50 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Nikola Kristo’s trades have generated a 18.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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VersaBank engages in the provision of financial services. The firm focuses on deposits and financing. The company was founded in June 1979 and is headquartered in London, Canada.