Canadian Western Bank (CWB) Given Average Rating of “Hold” by Analysts

Shares of Canadian Western Bank (TSE:CWB) have been given an average rating of “Hold” by the thirteen analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$39.33.

CWB has been the topic of a number of research reports. National Bank Financial boosted their target price on shares of Canadian Western Bank from C$32.00 to C$35.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 31st. Laurentian boosted their price objective on shares of Canadian Western Bank from C$36.00 to C$39.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. Eight Capital reissued 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. BMO Capital Markets set a C$33.00 price objective on shares of Canadian Western Bank and gave the stock a “market perform” rating in a research note on Thursday, November 16th. Finally, Scotiabank boosted their price objective on shares of Canadian Western Bank from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a research note on Friday, December 8th.

Canadian Western Bank (TSE CWB) traded up C$0.25 during midday trading on Friday, hitting C$40.55. 234,560 shares of the company’s stock were exchanged, compared to its average volume of 282,296. The company has a market capitalization of $3,590.00, a PE ratio of 16.76 and a beta of 1.15. Canadian Western Bank has a 12-month low of C$23.68 and a 12-month high of C$40.83.

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 analysts’ consensus estimates 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 company also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Friday, December 15th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.96 dividend on an annualized basis and a yield of 2.37%. Canadian Western Bank’s dividend payout ratio (DPR) is currently 38.43%.

In other Canadian Western Bank news, insider Allen David Stephen sold 1,450 shares of the company’s stock in a transaction 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. Also, insider James Jeffrey Bowling sold 1,500 shares of the company’s stock in a transaction 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. Insiders have sold 3,950 shares of company stock worth $155,949 in the last ninety days.

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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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