Shares of Canadian Western Bank (TSE:CWB) have been assigned a consensus recommendation of “Hold” from the thirteen research firms that are covering the firm, MarketBeat.com reports. One 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. The average 1 year target price among brokers that have covered the stock in the last year is C$38.92.

Several brokerages have commented on CWB. CIBC upped their target price on shares of Canadian Western Bank from C$33.00 to C$37.00 in a research report on Tuesday, October 31st. Canaccord Genuity upped their target price on shares of Canadian Western Bank from C$29.00 to C$30.00 in a research report on Friday, September 1st. Barclays upped their target price on shares of Canadian Western Bank from C$31.00 to C$33.00 in a research report on Tuesday, November 14th. Desjardins upped their target price on shares of Canadian Western Bank from C$35.00 to C$37.00 in a research report on Friday, December 8th. Finally, CSFB upped their target price on shares of Canadian Western Bank from C$34.00 to C$37.00 in a research report on Friday, December 8th.

Canadian Western Bank (TSE:CWB) remained flat at $C$38.43 during mid-day trading on Monday. The company had a trading volume of 137,814 shares, compared to its average volume of 379,852. Canadian Western Bank has a 52 week low of C$23.68 and a 52 week high of C$38.59. The stock has a market cap of $3,400.00, a P/E ratio of 15.88 and a beta of 1.15.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.50%. Canadian Western Bank’s dividend payout ratio is 38.43%.

In other news, insider James Jeffrey Bowling sold 1,500 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of C$38.13, for a total transaction of C$57,195.00.

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About Canadian Western Bank

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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