Canadian Western Bank (TSE:CWB) insider Michael Glen Eastwood sold 1,000 shares of the stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of C$36.35, for a total transaction of C$36,350.00.
Shares of Canadian Western Bank traded down C$0.38, reaching C$36.04, during mid-day trading on Thursday, according to Marketbeat Ratings. 144,575 shares of the company’s stock were exchanged, compared to its average volume of 285,697. Canadian Western Bank has a 52-week low of C$25.33 and a 52-week high of C$40.83.
Canadian Western Bank (TSE:CWB) last announced its earnings results on Thursday, June 7th. The company reported C$0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.72 by C$0.01. The business had revenue of C$196.59 million for the quarter, compared to analyst estimates of C$191.40 million. Canadian Western Bank had a net margin of 33.13% and a return on equity of 11.23%.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Friday, June 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.77%.
Several brokerages recently weighed in on CWB. Eight Capital raised their target price on shares of Canadian Western Bank from C$42.00 to C$43.00 in a report on Friday, June 8th. TD Securities raised their target price on shares of Canadian Western Bank from C$39.00 to C$40.00 and gave the company a “hold” rating in a report on Friday, March 9th. Barclays raised their target price on shares of Canadian Western Bank from C$36.00 to C$37.00 in a report on Friday, March 9th. CIBC reduced their target price on shares of Canadian Western Bank from C$42.00 to C$40.00 in a report on Friday, March 9th. Finally, Scotiabank raised their target price on shares of Canadian Western Bank from C$39.00 to C$42.00 and gave the company an “outperform” rating in a report on Friday, June 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$39.36.
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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