Whilst it may not be a huge deal, we thought it was good to see that the Canadian Western Bank (TSE:CWB) President, Christopher Fowler, recently bought CA$50k worth of stock, for CA$24.00 per share. That might not be a big purchase but it only increased their holding by 1.9%, and could be interpreted as a good sign.
The Last 12 Months Of Insider Transactions At Canadian Western Bank
Over the last year, we can see that the biggest insider sale was by the Executive VP & Chief Information Officer, Darrell Jones, for CA$111k worth of shares, at about CA$29.75 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is CA$21.58. So it may not tell us anything about how insiders feel about the current share price. The only individual insider seller over the last year was Darrell Jones.
Over the last year, we can see that insiders have bought 10.86k shares worth CA$314k. But insiders sold 7337 shares worth CA$230k. In total, Canadian Western Bank insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Canadian Western Bank Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Our data indicates that Canadian Western Bank insiders own about CA$12m worth of shares (which is 0.6% of the company). Whilst better than nothing, we're not overly impressed by these holdings.
So What Does This Data Suggest About Canadian Western Bank Insiders?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. Insiders likely see value in Canadian Western Bank shares, given these transactions (along with notable insider ownership of the company). While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example, Canadian Western Bank has 2 warning signs (and 1 which is potentially serious) we think you should know about.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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