Canadian Western Bank (TSE:CWB) Senior Officer Sells C$44,975.06 in Stock

Canadian Western Bank (TSE:CWBGet Rating) Senior Officer Niall Boles sold 1,300 shares of the company’s stock in a transaction dated Wednesday, April 20th. The shares were sold at an average price of C$34.60, for a total value of C$44,975.06. Following the completion of the transaction, the insider now owns 32 shares in the company, valued at approximately C$1,107.08.

CWB stock traded down C$0.15 during midday trading on Thursday, hitting C$34.27. The stock had a trading volume of 193,663 shares, compared to its average volume of 294,258. The firm has a market capitalization of C$3.09 billion and a price-to-earnings ratio of 9.08. Canadian Western Bank has a 52 week low of C$32.11 and a 52 week high of C$41.56. The stock has a 50-day simple moving average of C$36.55 and a 200 day simple moving average of C$37.67.

Canadian Western Bank (TSE:CWBGet Rating) last released its quarterly earnings data on Friday, February 25th. The company reported C$0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.95 by C$0.04. The company had revenue of C$265.98 million for the quarter, compared to analyst estimates of C$268.45 million. Equities analysts forecast that Canadian Western Bank will post 4.2500001 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Thursday, March 10th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, March 9th. This represents a $1.20 annualized dividend and a yield of 3.50%. Canadian Western Bank’s dividend payout ratio is currently 30.87%.

A number of research firms recently commented on CWB. CIBC downgraded Canadian Western Bank from an “outperform” rating to a “hold” rating and dropped their price objective for the stock from C$45.00 to C$38.00 in a report on Monday, April 11th. TD Securities increased their price objective on Canadian Western Bank from C$43.00 to C$47.00 in a report on Tuesday, February 15th. BMO Capital Markets increased their price objective on Canadian Western Bank from C$42.00 to C$42.50 in a report on Monday, February 28th. Raymond James increased their price objective on Canadian Western Bank from C$41.00 to C$43.00 and gave the stock an “outperform” rating in a report on Monday, February 28th. Finally, National Bankshares increased their price objective on Canadian Western Bank from C$43.00 to C$44.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 1st. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$42.77.

About Canadian Western Bank (Get Rating)

Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, and chequing accounts, as well as organization, strata solution/condo, general trust, and trust fund investment accounts. It also offers commercial lending and real estate, and equipment financing and leasing products; loans and mortgages; secured and unsecured lines of credit; registered retirement savings plan; consolidation, vehicle, and recreation vehicle loans; and credit cards.

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