VersaBank – May 2021 Market Update

Since our initiation of VersaBank (VB:TSX) in September of 2020, the stock has been a very strong performer, more than doubling from November 2020 through February 2021. While the stock has held in strongly in the past three months, it is down -13% in the past two weeks prompting us to pen this update. Our opinion: recent fundamental developments have been positive so the weakness may simply be one or more investors crystalizing some gains.

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