Canadian Western Bank (TSE:CWB) Reaches New 1-Year High at $25.83

Canadian Western Bank (TSE:CWB)’s share price reached a new 52-week high on Thursday . The company traded as high as C$25.83 and last traded at C$26.98, with a volume of 113110 shares changing hands. The stock had previously closed at C$27.00.

Analyst Ratings Changes

CWB has been the subject of several recent research reports. Desjardins decreased their target price on shares of Canadian Western Bank from C$37.00 to C$35.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Royal Bank of Canada decreased their price objective on Canadian Western Bank from C$34.00 to C$32.00 and set an “outperform” rating for the company in a report on Monday, March 4th. CIBC increased their price objective on Canadian Western Bank from C$32.00 to C$34.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Scotiabank raised Canadian Western Bank from a “sector perform” rating to an “outperform” rating and set a C$32.00 target price on the stock in a research report on Tuesday, February 20th. Finally, Veritas Investment Research reiterated a “buy” rating on shares of Canadian Western Bank in a research note on Monday, March 4th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$33.73.

Canadian Western Bank Trading Down 0.1 %

The firm has a fifty day moving average of C$27.73 and a two-hundred day moving average of C$28.79. The company has a market cap of C$2.60 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 2.95 and a beta of 1.54.

Canadian Western Bank (TSE:CWB) last issued its earnings results on Friday, March 1st. The company reported C$0.93 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.91 by C$0.02. Canadian Western Bank had a net margin of 31.97% and a return on equity of 8.58%. The firm had revenue of C$289.99 million during the quarter, compared to analyst estimates of C$301.10 million. Sell-side analysts expect that Canadian Western Bank will post 3.5834464 EPS for the current fiscal year.

Canadian Western Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $1.36 dividend on an annualized basis and a yield of 5.04%. Canadian Western Bank’s dividend payout ratio is 40.61%.

Insiders Place Their Bets

In other news, Senior Officer Supriya Anna Maria James sold 4,600 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of C$27.00, for a total value of C$124,203.22. In other news, Senior Officer Supriya Anna Maria James sold 4,600 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of C$27.00, for a total value of C$124,203.22. Also, Senior Officer Mark Stafford sold 1,708 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of C$27.94, for a total transaction of C$47,728.69. Company insiders own 0.32% of the company’s stock.

Canadian Western Bank Company Profile

Canadian Western Bank provides personal and business banking products and services in Western Canada. The company offers current, savings, US dollar, chequing, flex notice, organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, equipment financing and leasing, aviation financing, and dealership financing products; agriculture lending products and AgriInvest savings account; variable and fixed rate mortgages; line of credit; registered retirement savings plan, consolidation, and vehicle loans; and credit cards.