The Motley Fool
One Canadian Chartered bank that recently caught my eye is VersaBank (TSX:VB). With a market cap of only 145 million, it is much smaller than the big banks, but also much cheaper. While the larger banks are trading at higher valuations, VersaBank trades with a price to earnings ratio of around 8.6 and is currently below book value. The cheapness of the stock is enticing for value-oriented investors.