Canadian Western Bank (TSE:CWB) Director Robert L. Phillips purchased 860 shares of Canadian Western Bank stock in a transaction on Tuesday, April 10th. The shares were acquired at an average cost of C$33.30 per share, with a total value of C$28,638.00.
Shares of TSE CWB opened at C$33.62 on Wednesday. Canadian Western Bank has a 12 month low of C$23.68 and a 12 month high of C$40.83.
Canadian Western Bank (TSE:CWB) last released its quarterly earnings results on Thursday, March 8th. The company reported C$0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.71 by C$0.04. Canadian Western Bank had a net margin of 33.13% and a return on equity of 11.23%. The firm had revenue of C$193.22 million for the quarter, compared to analysts’ expectations of C$191.39 million.
The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 16th were paid a $0.25 dividend. The ex-dividend date was Thursday, March 15th. This represents a $1.00 dividend on an annualized basis and a yield of 2.97%. This is a boost from Canadian Western Bank’s previous quarterly dividend of $0.24.
A number of equities analysts have issued reports on CWB shares. Canaccord Genuity raised their price target on shares of Canadian Western Bank from C$38.00 to C$40.00 in a research report on Tuesday, January 16th. CSFB raised their price target on shares of Canadian Western Bank from C$37.00 to C$40.00 in a research report on Friday, January 19th. Barclays cut shares of Canadian Western Bank from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, December 19th. Scotiabank dropped their price objective on shares of Canadian Western Bank from C$42.00 to C$41.00 and set an “outperform” rating on the stock in a research note on Friday, March 9th. Finally, Royal Bank of Canada dropped their price objective on shares of Canadian Western Bank from C$40.00 to C$39.00 and set an “outperform” rating on the stock in a research note on Friday, March 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of C$38.85.
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About Canadian Western Bank
Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, senior, chequing, youth, and student accounts, as well as specialized accounts, including corporate and commercial, organization, strata solution/condo, general trust, and trust fund investment accounts.
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