The Non-Executive of Canadian Western Bank (Other OTC: CBWBF) is Buying Shares

By Carrie Williams

Today, the Non-Executive of Canadian Western Bank (CBWBFResearch Report), Irfhan Abdulaziz Rawji, bought shares of CBWBF for $164.5K.

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Based on Canadian Western Bank’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $245 million and quarterly net profit of $84.64 million. In comparison, last year the company earned revenue of $220 million and had a net profit of $77.35 million. The company has a one-year high of $27.90 and a one-year low of $13.20. Currently, Canadian Western Bank has an average volume of .

Based on 11 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $29.74, reflecting a -100.0% downside. Six different firms, including Credit Suisse and CIBC, currently also have a Buy rating on the stock. Starting in March 2021, CBWBF received 4 Buy ratings in a row.

In the last 30 days, insiders have sold $157.1K worth of CBWBF shares and purchased $164.5K worth of CBWBF shares. The insider sentiment on Canadian Western Bank has been negative according to 43 insider trades in the past three months. This sentiment is 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.