Insider Buying: Canadian Western Bank (CWB) Insider Purchases 500 Shares of Stock
Canadian Western Bank (TSE:CWB) insider David Leslie John Thomson purchased 500 shares of the business’s stock in a transaction on Monday, June 19th. The shares were bought at an average cost of C$26.23 per share, with a total value of C$13,115.00.
Canadian Western Bank (TSE:CWB) traded down 1.64% during midday trading on Tuesday, hitting $25.73. The company had a trading volume of 273,930 shares. Canadian Western Bank has a 1-year low of $23.14 and a 1-year high of $32.29. The company has a 50 day moving average price of $25.65 and a 200 day moving average price of $28.81. The firm has a market capitalization of $2.27 billion and a P/E ratio of 11.75.
Canadian Western Bank (TSE:CWB) last released its earnings results on Thursday, June 1st. The company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. Canadian Western Bank had a net margin of 29.86% and a return on equity of 9.00%. The business had revenue of $172.44 million for the quarter, compared to analyst estimates of $169 million. Equities research analysts forecast that Canadian Western Bank will post $2.44 earnings per share for the current fiscal year.
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Several research firms have issued reports on CWB. TD Securities reissued a “hold” rating and set a C$32.00 price target on shares of Canadian Western Bank in a report on Friday, March 3rd. Royal Bank Of Canada cut their price target on Canadian Western Bank from C$30.00 to C$29.00 and set a “sector perform” rating for the company in a report on Friday, June 2nd. National Bank Financial reissued a “sector perform” rating on shares of Canadian Western Bank in a report on Monday, February 20th. Desjardins boosted their price target on Canadian Western Bank from C$31.00 to C$32.00 in a report on Friday, March 3rd. Finally, Scotiabank reissued a “sector perform” rating and set a C$32.00 price target on shares of Canadian Western Bank in a report on Wednesday, March 29th. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of C$29.78.
About Canadian Western Bank
Canadian Western Bank (CWB) is a Canada-based bank engaged in offering a range of financial services. The Bank specializes in mid-market commercial banking, real estate and construction financing, and equipment financing and leasing. The Bank offers financing solutions through CWB Equipment Financing, National Leasing, CWB Maxium Financial, CWB Franchise Finance and CWB Optimum Mortgage, trust services through Canadian Western Trust and wealth advisory services through CWB Wealth Management.
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