Insider Buying: Canadian Western Bank (CWB) Insider Buys 1,000 Shares of Stock

Canadian Western Bank (TSE:CWB) insider Lester Shore purchased 1,000 shares of Canadian Western Bank stock in a transaction that occurred on Wednesday, October 31st. The shares were bought at an average price of C$30.73 per share, for a total transaction of C$30,730.00.

Shares of TSE CWB opened at C$30.97 on Friday. Canadian Western Bank has a 1 year low of C$29.81 and a 1 year high of C$40.83.

Canadian Western Bank (TSE:CWB) last announced its quarterly earnings data on Thursday, August 30th. The company reported C$0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.77 by C($0.02). The business had revenue of C$204.99 million during the quarter, compared to analysts’ expectations of C$205.70 million. Canadian Western Bank had a return on equity of 11.23% and a net margin of 33.13%.

Separately, Royal Bank of Canada reduced their price target on shares of Canadian Western Bank from C$42.00 to C$40.00 and set an “outperform” rating on the stock in a research report on Friday, August 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$39.50.

Canadian Western Bank Company Profile

Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, senior, chequing, youth, and student accounts, as well as specialized accounts, including corporate and commercial, organization, strata solution/condo, general trust, and trust fund investment accounts.

Recommended Story: What are retained earnings?

Insider Buying and Selling by Quarter for Canadian Western Bank (TSE:CWB)

Receive News & Ratings for Canadian Western Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Western Bank and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply