Canadian Western Bank (TSE:CWB) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Canadian Western Bank (TSE:CWB) have been given an average rating of “Moderate Buy” by the twelve brokerages that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$48.03.

A number of research analysts recently commented on CWB shares. Cormark upped their target price on Canadian Western Bank from C$46.00 to C$47.00 in a research note on Tuesday, September 3rd. Royal Bank of Canada upped their target price on Canadian Western Bank from C$51.00 to C$52.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 3rd. Desjardins increased their price objective on Canadian Western Bank from C$53.00 to C$57.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Raymond James lowered Canadian Western Bank from a “moderate buy” rating to a “hold” rating and increased their price objective for the stock from C$52.00 to C$54.00 in a research note on Tuesday, September 3rd. Finally, CIBC increased their price objective on Canadian Western Bank from C$55.80 to C$60.30 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd.

Insider Activity

In other news, Senior Officer Jenny Siman sold 1,000 shares of the firm’s stock in a transaction 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. In related news, Senior Officer Jenny Siman sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of C$46.05, for a total value of C$46,050.00. Also, Senior Officer Trent Albert Erickson sold 3,900 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of C$51.42, for a total value of C$200,538.00. 0.46% of the stock is currently owned by corporate insiders.

Canadian Western Bank Price Performance

The company has a 50 day moving average price of C$51.62 and a two-hundred day moving average price of C$40.30. The firm has a market capitalization of C$5.50 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth 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 earnings results on Friday, August 30th. The company reported C$0.60 EPS for the quarter, missing analysts’ consensus estimates of C$0.87 by C($0.27). The firm had revenue of C$298.47 million during the quarter, compared to analyst estimates of C$296.88 million. Canadian Western Bank had a net margin of 29.23% and a return on equity of 7.51%. On average, equities analysts anticipate that Canadian Western Bank will post 3.656168 EPS for the current year.

Canadian Western Bank Announces Dividend

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