Shares of Canadian Western Bank (TSE:CWB) have been given a consensus rating of “Hold” by the thirteen analysts that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$33.06.

Several research analysts recently weighed in on CWB shares. Canaccord Genuity increased their price objective on Canadian Western Bank from C$29.00 to C$30.00 in a research report on Friday, September 1st. Scotiabank upgraded Canadian Western Bank from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$30.00 to C$33.00 in a research report on Friday, September 1st. CIBC increased their price objective on Canadian Western Bank from C$31.00 to C$33.00 in a research report on Friday, September 1st. Laurentian Bank of Canada increased their price objective on Canadian Western Bank from C$36.00 to C$39.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd. Finally, Royal Bank Of Canada upgraded Canadian Western Bank from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$32.00 to C$35.00 in a research report on Friday, September 1st.

Shares of Canadian Western Bank (TSE:CWB) traded up 0.39% during midday trading on Wednesday, hitting $33.64. The company had a trading volume of 209,564 shares. Canadian Western Bank has a 12 month low of $23.68 and a 12 month high of $34.27. The company has a 50-day moving average of $31.33 and a 200-day moving average of $28.27. The company has a market capitalization of $2.97 billion and a PE ratio of 14.75.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.85%. This is a boost from Canadian Western Bank’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, September 14th.

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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.

Analyst Recommendations for Canadian Western Bank (TSE:CWB)

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