A number of other analysts also recently weighed in on CWB. TD Securities decreased their target price on shares of Canadian Western Bank from C$39.00 to C$38.00 and set a buy rating for the company in a research report on Monday, August 29th. National Bankshares lowered their target price on shares of Canadian Western Bank from C$38.00 to C$34.00 in a research note on Friday, November 18th. Cormark upped their price target on shares of Canadian Western Bank from C$36.00 to C$37.00 in a research report on Monday, August 29th. BMO Capital Markets lowered their price objective on Canadian Western Bank from C$39.50 to C$35.00 in a research report on Monday, August 29th. Finally, Barclays set a C$29.00 target price on Canadian Western Bank in a research report on Monday, November 14th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of C$32.42.
Canadian Western Bank Stock Performance
Shares of TSE:CWB opened at C$25.71 on Tuesday. Canadian Western Bank has a 52 week low of C$21.21 and a 52 week high of C$41.35. The firm has a market cap of C$2.39 billion and a PE ratio of 6.99. The firm’s fifty day moving average is C$23.52 and its 200-day moving average is C$26.03.
Canadian Western Bank Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, September 8th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.82%. This is a positive change from Canadian Western Bank’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, September 7th. Canadian Western Bank’s dividend payout ratio is presently 32.61%.
Insider Activity at Canadian Western Bank
In other Canadian Western Bank news, Senior Officer Stephen Howard Edward Murphy acquired 5,000 shares of the company’s stock in a transaction on Monday, September 26th. The shares were purchased at an average cost of C$22.46 per share, with a total value of C$112,300.00. Following the completion of the purchase, the insider now owns 45,006 shares of the company’s stock, valued at C$1,010,834.76.
Canadian Western Bank Company Profile
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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