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Insiders Are Buying Pacific & Western Bank of Canada
Posted by: Markus Aarnio (IP Logged)
Date: October 5, 2013 10:00AM

One bank has seen intensive insider buying during the last 30 days. Intensive insider buying can be defined by the following three criteria:

The stock is purchased by three or more insiders within one month.

The stock is sold by no insiders in the month of intensive purchasing.

At least two purchasers increase their holdings by more than 10%.

Pacific & Western Bank of Canada (TSX:PWB) operates as a Schedule I bank under the Bank Act and is a member institution of Canada Deposit Insurance Corporation (CDIC).


Insider Buying During the Last 30 Days


  • Robbert-Jan Brabander purchased 1,000 shares on Sep. 5 and currently controls 1,000 shares or less than 0.1% of the company. Robbert-Jan Brabander serves as a director of the company. Robbert-Jan Brabander increased his holdings from zero shares to 1,000 shares during the last 30 days.
  • Arnold Hillier purchased 4,000 shares on Sep. 9 and currently holds 4,000 shares or less than 0.1% of the company. Arnold Hillier serves as a director of the company. Arnold Hillier increased his holdings from zero shares to 4,000 shares during the last 30 days.
  • Colin Litton purchased 3,000 shares on Sep. 20 to Oct. 2 and currently controls 3,000 shares or less than 0.1% of the company. Colin Litton serves as a director of the company. Colin Litton increased his holdings from zero shares to 3,000 shares during the last 30 days.
  • Tel Matrundola purchased 4,500 shares on Sep. 26 and currently controls 4,600 shares or less than 0.1% of the company. Tel Matrundola is vice president, public & corporate affairs. Tel Matrundola increased his holdings by 4,500% during the last 30 days.
  • William Mitchell purchased 3,000 shares on Sep. 5 and currently controls 3,000 shares or less than 0.1% of the company. William Mitchell is an insider of the company. William Mitchell increased his holdings from zero shares to 3,000 shares during the last 30 days.
  • Paul Oliver purchased 4,400 shares on Sep. 4 to 30 and currently controls 4,400 shares or less than 0.1% of the company. Paul Oliver serves as a director of the company. Paul Oliver increased his holdings from zero shares to 4,400 shares during the last 30 days.
  • Charles Ritchie purchased 4,500 shares on Sep. 20 to 30 and currently controls 4,500 shares or less than 0.1% of the company. Charles Ritchie is chairman of the board. Charles Ritchie increased his holdings from zero shares to 4,500 shares during the last 30 days.
  • David Taylor purchased 14,900 shares on Sep. 20 to Oct. 1 and currently controls 15,000 shares or less than 0.1% of the company. David Taylor is director, president & chief executive officer. David Taylor increased his holdings by 14,900% during the last 30 days.
Insider Buying by Calendar Month

Here is a table of Pacific & Western Bank Of Canada's insider-trading activity by calendar month.

MonthInsider buying / sharesInsider selling / shares
October 20134,5000
September 201334,8000
There have been 39,300 shares purchased and there have been zero shares sold by insiders since September 2013. On August 27, Pacific & Western Bank Of Canada completed its initial public offering.

Financials

Pacific & Western Bank Of Canada reported the third-quarter, which ended July 31, financial results with the following highlights:

Revenue$6.6 million
Net income$0.9 million
Book value$7.19 per share


Outlook

Pacific & Western Bank Of Canada has established relationships with several new loan and lease vendors and expects that its bulk loan and lease portfolio will grow by approximately $10 million per month based on these relationships.



Competition

Pacific & Western Bank Of Canada's competitors include Canadian Imperial Bank of Commerce (TSX:CM), Bank of Montreal (TSX:BMO), Royal Bank of Canada (TSX:RY), The Toronto-Dominion Bank (TSX:TD), Bank of Nova Scotia (TSX:BNS), National Bank of Canada (TSX:NA), Canadian Western Bank (TSX:CWB), and Laurentian Bank Of Canada (TSX:LB).



Pacific & Western Bank Of Canada has the highest Tier 1 capital ratio among these nine banks.

Conclusion

There have been eight different insiders buying Pacific & Western Bank Of Canada and there have not been any insiders selling Pacific & Western Bank Of Canada during the past 30 days. All eight of these insiders increased their holdings by more than 10%.

Pacific & Western Bank Of Canada started trading on August 27 after the initial public offering. Pacific & Western Bank Of Canada has a book value of $7.19 per share. I believe the stock could be a good pick below the book value based on the intensive insider buying.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.


Stocks Discussed: TSX:PWB, TSX:CM, TSX:BMO, TSX:RY, TSX:TD, TSX:BNS, TSX:N,
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Re Insiders Are Buying Pacific Western Bank of Canada
Posted by: rodangus (IP Logged)
Date: January 10, 2014 09:24AM

Thay got a spurt of volume after the interview with Taylor on BNN, but looks like most of the volume is from insiders buying...like theres only 1.2 million shares in the float.



Stocks Discussed: TSX:PWB, TSX:CM, TSX:BMO, TSX:RY, TSX:TD, TSX:BNS, TSX:N,
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