Canadian Western Bank (TSE:CWB) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Canadian Western Bank (TSE:CWB) have been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$44.10.

Several equities analysts recently weighed in on the stock. Jefferies Financial Group raised their price objective on shares of Canadian Western Bank from C$52.00 to C$57.00 and gave the company a “hold” rating in a research report on Tuesday. Scotiabank lifted their price objective on shares of Canadian Western Bank from C$30.00 to C$52.00 and gave the company an “outperform” rating in a research note on Tuesday, June 18th. CIBC increased their target price on shares of Canadian Western Bank from C$55.80 to C$60.30 and gave the stock a “neutral” rating in a research report on Tuesday. BMO Capital Markets cut Canadian Western Bank from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from C$35.00 to C$52.00 in a research report on Wednesday, June 12th. Finally, National Bankshares decreased their price target on Canadian Western Bank from C$37.00 to C$30.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd.

Canadian Western Bank Price Performance

CWB opened at C$51.43 on Wednesday. The company has a market capitalization of C$4.97 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39. Canadian Western Bank has a fifty-two week low of C$24.66 and a fifty-two week high of C$52.80. The business has a 50-day moving average of C$46.94 and a 200-day moving average of C$35.30.

Canadian Western Bank Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Thursday, September 12th. Canadian Western Bank’s dividend payout ratio (DPR) is currently 41.67%.

Insider Buying and Selling at Canadian Western Bank

In other news, Senior Officer Jenny Siman sold 1,000 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of C$46.05, for a total transaction of C$46,050.00. In other news, Senior Officer Jenny Siman sold 1,000 shares of Canadian Western Bank stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of C$46.05, for a total transaction of C$46,050.00. Also, Senior Officer Trent Albert Erickson acquired 4,312 shares of the stock in a transaction dated Friday, June 14th. The shares were purchased at an average price of C$41.44 per share, for a total transaction of C$178,680.66. Insiders own 0.46% 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.