Canadian Western Bank (TSE:CWB) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Canadian Western Bank (TSE:CWB - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twelve analysts that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$48.03.

CWB has been the topic of several recent research reports. Cibc World Mkts raised shares of Canadian Western Bank to a "hold" rating in a report on Tuesday, September 3rd. Royal Bank of Canada lifted their price objective on shares of 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. Jefferies Financial Group increased their target price on Canadian Western Bank from C$52.00 to C$57.00 and gave the stock a "hold" rating in a research report on Tuesday, September 3rd. Raymond James cut Canadian Western Bank from a "moderate buy" rating to a "hold" rating and lifted their price target for the company from C$52.00 to C$54.00 in a research report on Tuesday, September 3rd. Finally, 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 report on Tuesday, September 3rd.

Canadian Western Bank Price Performance

Shares of TSE CWB traded down C$0.36 during mid-day trading on Monday, reaching C$57.64. 199,977 shares of the company's stock were exchanged, compared to its average volume of 362,887. The firm has a 50-day moving average price of C$54.55 and a two-hundred day moving average price of C$43.78. The firm has a market capitalization of C$5.57 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39. Canadian Western Bank has a 52 week low of C$24.66 and a 52 week high of C$58.29.

Canadian Western Bank (TSE:CWB - Get Free Report) last released its 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 for the quarter, compared to the consensus estimate of C$296.88 million. Canadian Western Bank had a net margin of 29.23% and a return on equity of 7.51%. As a group, sell-side analysts forecast that Canadian Western Bank will post 3.656168 EPS for the current fiscal year.

Canadian Western Bank Dividend Announcement

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 dividend on an annualized basis and a yield of 2.43%. Canadian Western Bank's dividend payout ratio is currently 46.98%.

Insiders Place Their Bets

In other news, Senior Officer Trent Albert Erickson sold 3,900 shares of the company's stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of C$51.42, for a total value of C$200,538.00. 0.46% of the stock is owned by company insiders.

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.