This recent transaction increases Robin Matthew Rudd’s holding in the company by 28% to a total of $172.3K. Following Robin Matthew Rudd’s last CBWBF Buy transaction on March 10, 2020, the stock climbed by 7.3%.
Based on Canadian Western Bank’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $228 million and quarterly net profit of $68.79 million. In comparison, last year the company earned revenue of $221 million and had a net profit of $72.92 million. The company has a one-year high of $25.73 and a one-year low of $11.02. CBWBF’s market cap is $2.08 billion and the company has a P/E ratio of 11.20.
Based on 11 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $25.82, reflecting a -100.0% downside. Four different firms, including Raymond James and Desjardins, currently also have a Buy rating on the stock.
In the last 30 days, insiders have sold $180.7K worth of CBWBF shares and purchased $111.4K worth of CBWBF shares. The insider sentiment on Canadian Western Bank has been neutral according to 46 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
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Canadian Western Bank engages in the provision of banking services for small and medium size companies. The firm provides commercial banking and financial services for business banking, personal banking or wealth management. It also offers full-service personal banking options, including checking and savings accounts, loans, mortgages, and investment products. The company was founded by Charles R. Allard and Eugene Pechet on March 22, 1984 and is headquartered in Edmonton, Canada.