Shares of Canadian Western Bank (TSE:CWB) have received an average rating of “Hold” from the ten research firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$33.70.
Several analysts have weighed in on CWB shares. Eight Capital boosted their target price on shares of Canadian Western Bank from C$34.00 to C$36.00 in a research report on Wednesday, September 4th. BMO Capital Markets boosted their target price on shares of Canadian Western Bank from C$34.00 to C$36.00 in a research report on Friday, August 30th. Canaccord Genuity boosted their target price on shares of Canadian Western Bank from C$32.00 to C$34.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. CSFB boosted their target price on shares of Canadian Western Bank from C$32.00 to C$33.00 in a research report on Friday, September 6th. Finally, TD Securities boosted their target price on shares of Canadian Western Bank from C$33.00 to C$34.00 and gave the stock a “hold” rating in a research report on Friday, August 30th.
Shares of Canadian Western Bank stock traded up C$0.15 on Monday, reaching C$33.46. The stock had a trading volume of 170,975 shares, compared to its average volume of 227,739. The company has a 50 day moving average price of C$32.93 and a 200 day moving average price of C$30.21. Canadian Western Bank has a 1 year low of C$24.33 and a 1 year high of C$33.89. The stock has a market capitalization of $2.91 billion and a P/E ratio of 11.19.
Canadian Western Bank (TSE:CWB) last released its earnings results on Thursday, August 29th. The company reported C$0.82 earnings per share for the quarter, topping the consensus estimate of C$0.80 by C$0.02. The company had revenue of C$218.48 million for the quarter, compared to analysts’ expectations of C$220.67 million. As a group, equities research analysts anticipate that Canadian Western Bank will post 3.3789903 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.28 dividend. This is a boost from Canadian Western Bank’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 3.35%. The ex-dividend date was Thursday, September 12th. Canadian Western Bank’s payout ratio is currently 35.45%.
In related news, Senior Officer Darrell Robert Jones sold 1,750 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of C$33.15, for a total value of C$58,014.25. Following the completion of the transaction, the insider now directly owns 17,979 shares in the company, valued at approximately C$596,021.83. Over the last quarter, insiders sold 7,337 shares of company stock valued at $230,216.
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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