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

By Carrie Williams

Today, the Chief Risk Officer of Versabank (VRRKFResearch Report), Aly Lalani, bought shares of VRRKF for $11.11K.

Following this transaction Aly Lalani’s holding in the company was increased by 9% to a total of $100.7K. In addition to Aly Lalani, 8 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. The company has a one-year high of $8.90 and a one-year low of $3.93. Currently, Versabank has an average volume of .

In the last 30 days, insiders have sold $7,910 worth of VRRKF shares and purchased $151.5K worth of VRRKF shares. The insider sentiment on Versabank has been positive according to 49 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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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.