Canadian Western Bank (TSE:CWB) Receives C$33.73 Consensus PT from Analysts

Canadian Western Bank (TSE:CWB) has been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$33.73.

CWB has been the topic of several research analyst reports. Royal Bank of Canada dropped their price objective on Canadian Western Bank from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a research note on Monday, March 4th. Scotiabank upgraded Canadian Western Bank from a “sector perform” rating to an “outperform” rating and set a C$32.00 price objective on the stock in a report on Tuesday, February 20th. Desjardins cut their price target on shares of Canadian Western Bank from C$37.00 to C$35.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Veritas Investment Research reissued a “buy” rating on shares of Canadian Western Bank in a research report on Monday, March 4th. Finally, CIBC raised their price objective on shares of Canadian Western Bank from C$32.00 to C$34.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th.

Canadian Western Bank Price Performance

Shares of TSE:CWB opened at C$26.73 on Thursday. The company has a market capitalization of C$2.58 billion, a price-to-earnings ratio of 8.10, a P/E/G ratio of 2.95 and a beta of 1.57. The firm’s 50 day simple moving average is C$27.86 and its 200 day simple moving average is C$28.82. Canadian Western Bank has a fifty-two week low of C$22.96 and a fifty-two week high of C$31.64.

Canadian Western Bank (TSE:CWB) last posted its earnings results on Friday, March 1st. The company reported C$0.93 earnings per share for the quarter, topping the consensus estimate of C$0.91 by C$0.02. The company had revenue of C$289.99 million for the quarter, compared to analyst estimates of C$301.10 million. Canadian Western Bank had a net margin of 31.97% and a return on equity of 8.58%. Equities research analysts expect that Canadian Western Bank will post 3.5601057 earnings per share for the current year.

Canadian Western Bank Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 5.09%. Canadian Western Bank’s dividend payout ratio (DPR) is currently 40.61%.

Insider Buying and Selling

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

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.