Canadian Western Bank (TSE:CWB) Receives Average Rating of “Moderate Buy” from Analysts

Canadian Western Bank (TSE:CWB) has earned an average recommendation of “Moderate Buy” from the twelve ratings firms that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$48.03.

Several research firms have weighed in on CWB. Desjardins lifted their target price on Canadian Western Bank from C$53.00 to C$57.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Cibc World Mkts raised Canadian Western Bank to a “hold” rating in a research note on Tuesday, September 3rd. CIBC lifted their target price on Canadian Western Bank from C$55.80 to C$60.30 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Cormark lifted their target price on Canadian Western Bank from C$46.00 to C$47.00 in a research note on Tuesday, September 3rd. Finally, Raymond James cut Canadian Western Bank from a “moderate buy” rating to a “hold” rating and lifted their target price for the company from C$52.00 to C$54.00 in a research note on Tuesday, September 3rd.

Insider Buying and Selling

In related news, Senior Officer Trent Albert Erickson sold 3,900 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of C$51.42, for a total value of C$200,538.00. In other news, Senior Officer Trent Albert Erickson sold 3,900 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of C$51.42, for a total transaction of C$200,538.00. Also, Senior Officer Jenny Siman sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of C$46.05, for a total value of C$46,050.00. Corporate insiders own 0.46% of the company’s stock.

Canadian Western Bank Price Performance

The business has a fifty day moving average of C$51.62 and a 200-day moving average of C$40.30. The stock has a market cap of C$5.50 billion, a PE ratio of 18.94, a P/E/G ratio of 2.95 and a beta of 1.39. Canadian Western Bank has a 12 month low of C$24.66 and a 12 month high of C$57.25.

Canadian Western Bank (TSE:CWB) last issued its quarterly earnings results on Friday, August 30th. The company reported C$0.60 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.87 by C($0.27). The company had revenue of C$298.47 million during the quarter, compared to analysts’ expectations of C$296.88 million. Canadian Western Bank had a return on equity of 7.51% and a net margin of 29.23%. Equities analysts anticipate that Canadian Western Bank will post 3.656168 EPS for the current year.

Canadian Western Bank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.40 annualized dividend and a yield of ∞. Canadian Western Bank’s dividend payout ratio (DPR) is currently 46.98%.

About Canadian Western Bank

Canadian Western Bank provides personal and business banking products and services in Western Canada. The company offers current, savings, US dollar, chequing, flex notice, organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, equipment financing and leasing, aviation financing, and dealership financing products; agriculture lending products and AgriInvest savings account; variable and fixed rate mortgages; line of credit; registered retirement savings plan, consolidation, and vehicle loans; and credit cards.