Canadian Western Bank (TSE:CWB) has been assigned an average recommendation of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$39.33.
CWB has been the subject of several analyst reports. Eight Capital reiterated a “buy” rating and issued a C$41.00 price objective on shares of Canadian Western Bank in a research note on Wednesday, December 6th. National Bank Financial increased their price objective on shares of Canadian Western Bank from C$32.00 to C$35.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 31st. Canaccord Genuity increased their price objective on shares of Canadian Western Bank from C$35.00 to C$38.00 and gave the company a “hold” rating in a research note on Friday, December 8th. Barclays lowered shares of Canadian Western Bank from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, December 19th. Finally, BMO Capital Markets set a C$33.00 price objective on shares of Canadian Western Bank and gave the company a “market perform” rating in a research note on Thursday, November 16th.
In other news, insider James Jeffrey Bowling sold 1,500 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of C$38.13, for a total transaction of C$57,195.00. Also, insider Allen David Stephen sold 1,450 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of C$40.52, for a total transaction of C$58,754.00. Insiders have sold a total of 3,950 shares of company stock valued at $155,949 over the last three months.
Canadian Western Bank (TSE:CWB) last posted its earnings results on Thursday, December 7th. The company reported C$0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.67 by C$0.07. Canadian Western Bank had a net margin of 33.13% and a return on equity of 11.23%.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Friday, December 15th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Thursday, December 14th. Canadian Western Bank’s dividend payout ratio is currently 38.43%.
Canadian Western Bank Company Profile
Canadian Western Bank (CWB) is a Canada-based bank engaged in offering a range of financial services. The Bank specializes in mid-market commercial banking, real estate and construction financing, and equipment financing and leasing. The Bank offers financing solutions through CWB Equipment Financing, National Leasing, CWB Maxium Financial, CWB Franchise Finance and CWB Optimum Mortgage, trust services through Canadian Western Trust and wealth advisory services through CWB Wealth Management.
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