Shares of Canadian Western Bank (TSE:CWB) have received a consensus rating of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$34.55.
Several equities analysts recently issued reports on the stock. Scotiabank cut their price target on shares of Canadian Western Bank from C$36.00 to C$35.00 in a report on Friday. CSFB upped their target price on Canadian Western Bank from C$32.00 to C$33.00 in a research report on Friday, September 6th. Eight Capital increased their target price on Canadian Western Bank from C$34.00 to C$36.00 in a research note on Wednesday, September 4th. National Bank Financial dropped their price target on Canadian Western Bank from C$36.00 to C$34.00 and set a “sector perform” rating for the company in a report on Friday. Finally, Desjardins lifted their price target on Canadian Western Bank from C$34.00 to C$36.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th.
In other news, Senior Officer Darrell Robert Jones sold 1,849 shares of Canadian Western Bank stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of C$32.99, for a total value of C$60,996.66. Following the completion of the sale, the insider now directly owns 16,130 shares in the company, valued at C$532,112.57.
Shares of CWB traded down C$0.42 during trading hours on Tuesday, hitting C$32.62. The stock had a trading volume of 367,845 shares, compared to its average volume of 225,266. The stock has a market capitalization of $2.85 billion and a price-to-earnings ratio of 10.91. The company’s fifty day moving average is C$34.48 and its two-hundred day moving average is C$31.48. Canadian Western Bank has a 52 week low of C$24.33 and a 52 week high of C$36.61.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.43%. The ex-dividend date is Monday, December 16th. Canadian Western Bank’s dividend payout ratio (DPR) is 35.45%.
Canadian Western Bank Company Profile
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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