Canadian Western Bank (TSE:CWB) insider James Jeffrey Bowling sold 1,500 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of C$38.13, for a total value of C$57,195.00.
Shares of Canadian Western Bank (TSE CWB) opened at C$38.35 on Tuesday. Canadian Western Bank has a 1 year low of C$23.68 and a 1 year high of C$38.59.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 15th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Thursday, December 14th. Canadian Western Bank’s dividend payout ratio (DPR) is 40.35%.
Several research analysts have recently weighed in on the company. National Bank Financial boosted their price target on Canadian Western Bank from C$32.00 to C$35.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 31st. Laurentian boosted their price target on Canadian Western Bank from C$36.00 to C$39.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. Eight Capital restated a “buy” rating and issued a C$41.00 price target on shares of Canadian Western Bank in a research note on Wednesday, December 6th. Scotiabank upped their price objective on Canadian Western Bank from C$28.00 to C$30.00 and gave the company a “sector perform” rating in a research report on Monday, August 21st. Finally, BMO Capital Markets set a C$33.00 price objective on Canadian Western Bank and gave the company a “market perform” rating in a research report on Thursday, November 16th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Canadian Western Bank presently has an average rating of “Buy” and a consensus target price of C$38.69.
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About Canadian Western Bank
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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