Insider Selling: Canadian Western Bank (CWB) Insider Sells 1,000 Shares of Stock

Canadian Western Bank (TSE:CWB) insider Allen David Stephen sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of C$40.00, for a total value of C$40,000.00.

Allen David Stephen also recently made the following trade(s):

  • On Friday, January 19th, Allen David Stephen sold 1,450 shares of Canadian Western Bank stock. The shares were sold at an average price of C$40.52, for a total value of C$58,754.00.

Canadian Western Bank (TSE:CWB) traded up C$0.30 during trading on Friday, reaching C$40.30. The company’s stock had a trading volume of 241,963 shares, compared to its average volume of 295,492. Canadian Western Bank has a 52 week low of C$23.68 and a 52 week high of C$40.44. The stock has a market capitalization of $3,590.00, a PE ratio of 16.65 and a beta of 1.15.

Canadian Western Bank (TSE:CWB) last released its quarterly earnings results on Thursday, December 7th. The company reported C$0.74 EPS for the quarter, beating analysts’ consensus estimates of C$0.67 by C$0.07. Canadian Western Bank had a return on equity of 11.23% and a net margin of 33.13%.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Friday, December 15th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Thursday, December 14th. Canadian Western Bank’s payout ratio is 38.43%.

A number of equities research analysts recently weighed in on CWB shares. National Bank Financial raised their price objective on Canadian Western Bank from C$32.00 to C$35.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 31st. Laurentian raised their price objective on Canadian Western Bank from C$36.00 to C$39.00 and gave the company a “buy” rating in a research report on Monday, October 2nd. Eight Capital reaffirmed a “buy” rating and set a C$41.00 price objective on shares of Canadian Western Bank in a research report on Wednesday, December 6th. BMO Capital Markets set a C$33.00 price objective on Canadian Western Bank and gave the company a “market perform” rating in a research report on Thursday, November 16th. Finally, Scotiabank raised their price objective on Canadian Western Bank from C$42.00 to C$43.00 and gave the company an “outperform” rating in a research report on Friday, December 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$39.08.

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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.

Insider Buying and Selling by Quarter for Canadian Western Bank (TSE:CWB)

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