Canadian Western Bank (TSE:CWB)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$40.01 and last traded at C$39.28, with a volume of 293012 shares. The stock had previously closed at C$39.47.
A number of equities analysts have recently issued reports on CWB shares. TD Securities raised their price objective on Canadian Western Bank from C$32.00 to C$36.00 and gave the stock a “hold” rating in a research report on Thursday, September 28th. Laurentian raised their price objective on Canadian Western Bank from C$36.00 to C$39.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd. Laurentian Bank of Canada raised their price objective on Canadian Western Bank from C$36.00 to C$39.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd. National Bank Financial lifted their target price on Canadian Western Bank from C$32.00 to C$35.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 31st. Finally, CIBC lifted their target price on Canadian Western Bank from C$33.00 to C$37.00 in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$38.69.
The company has a market cap of $3,510.00, a PE ratio of 16.23 and a beta of 1.15.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Friday, December 15th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.96 annualized dividend and a dividend yield of 2.44%. Canadian Western Bank’s payout ratio is 38.43%.
In related news, insider James Jeffrey Bowling sold 1,500 shares of Canadian Western Bank stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of C$38.13, for a total transaction of C$57,195.00.
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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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