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

Shares of Canadian Western Bank (TSE:CWB) have been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$40.29.

A number of analysts have recently commented on CWB shares. Royal Bank of Canada lowered Canadian Western Bank from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$32.00 to C$28.00 in a research note on Monday, June 3rd. Jefferies Financial Group boosted their target price on shares of Canadian Western Bank from C$28.00 to C$52.00 and gave the stock a “hold” rating in a report on Thursday, June 13th. National Bankshares decreased their price objective on Canadian Western Bank from C$37.00 to C$30.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. CIBC lowered Canadian Western Bank from a “neutral” rating to a “tender” rating and upped their price target for the company from C$30.00 to C$55.80 in a research report on Tuesday, June 18th. Finally, Scotiabank raised their price objective on Canadian Western Bank from C$30.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 18th.

Insiders Place Their Bets

In related news, Senior Officer Jenny Siman sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of C$46.05, for a total value of C$46,050.00. In other news, Senior Officer Trent Albert Erickson acquired 4,312 shares of the business’s stock in a transaction on Friday, June 14th. The shares were purchased at an average cost of C$41.44 per share, with a total value of C$178,680.66. Also, Senior Officer Jenny Siman sold 1,000 shares of the company’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of C$46.05, for a total transaction of C$46,050.00. Corporate insiders own 0.46% of the company’s stock.

Canadian Western Bank Stock Performance

Shares of TSE CWB opened at C$50.17 on Wednesday. The stock has a market capitalization of C$4.84 billion, a P/E ratio of 14.93, a PEG ratio of 2.95 and a beta of 1.39. The stock’s fifty day moving average is C$46.04 and its 200 day moving average is C$34.48. Canadian Western Bank has a 52 week low of C$24.66 and a 52 week high of C$50.18.

Canadian Western Bank (TSE:CWB) last released its earnings results on Friday, May 31st. The company reported C$0.81 earnings per share for the quarter, missing the consensus estimate of C$0.86 by C($0.05). Canadian Western Bank had a return on equity of 8.66% and a net margin of 32.29%. The business had revenue of C$285.92 million for the quarter, compared to the consensus estimate of C$290.33 million. Equities research analysts forecast that Canadian Western Bank will post 3.703869 earnings per share for the current year.

Canadian Western Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were given a $0.35 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $1.40 annualized dividend and a yield of 2.79%. This is an increase from Canadian Western Bank’s previous quarterly dividend of $0.34. Canadian Western Bank’s dividend payout ratio (DPR) is presently 41.67%.

Canadian Western Bank Company Profile

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.