Canadian Western Bank (CWB) Sets New 52-Week High at $34.58

Canadian Western Bank (TSE:CWB)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$34.58 and last traded at C$34.57, with a volume of 97,362 shares trading hands. The stock had previously closed at C$34.22.

CWB has been the subject of several recent research reports. Barclays PLC increased their target price on shares of Canadian Western Bank from C$28.00 to C$30.00 in a research note on Friday, August 11th. Scotiabank increased their target price on shares of Canadian Western Bank from C$28.00 to C$30.00 and gave the stock a “sector perform” rating in a research note on Monday, August 21st. BMO Capital Markets increased their target price on shares of Canadian Western Bank from C$28.00 to C$29.00 and gave the stock a “market perform” rating in a research note on Friday, September 1st. Canaccord Genuity increased their target price on shares of Canadian Western Bank from C$29.00 to C$30.00 in a research note on Friday, September 1st. Finally, CIBC increased their target price on shares of Canadian Western Bank from C$31.00 to C$33.00 in a research note on Friday, September 1st. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Canadian Western Bank presently has a consensus rating of “Hold” and an average target price of C$33.06.

The company’s 50 day moving average price is $32.67 and its 200 day moving average price is $28.60. The stock has a market capitalization of $3.05 billion and a PE ratio of 15.15.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.78%. This is a positive change from Canadian Western Bank’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, September 14th.

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Canadian Western Bank Company Profile

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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