Canadian Western Bank (TSE:CWB) Hits New 1-Year High - Time to Buy?

Canadian Western Bank (TSE:CWB - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$54.75 and last traded at C$54.65, with a volume of 94291 shares changing hands. The stock had previously closed at C$54.25.

Wall Street Analyst Weigh In

Several research firms have recently commented on CWB. Cibc World Mkts raised Canadian Western Bank to a "hold" rating in a research report on Tuesday, September 3rd. Jefferies Financial Group increased their price target on shares of Canadian Western Bank from C$52.00 to C$57.00 and gave the company a "hold" rating in a research report on Tuesday, September 3rd. BMO Capital Markets cut shares of Canadian Western Bank from an "outperform" rating to a "market perform" rating and raised their price target for the company from C$35.00 to C$52.00 in a report on Wednesday, June 12th. Cormark boosted their price objective on shares of Canadian Western Bank from C$46.00 to C$47.00 in a research note on Tuesday, September 3rd. Finally, Raymond James downgraded shares of Canadian Western Bank from a "moderate buy" rating to a "hold" rating and raised their target price for the company from C$52.00 to C$54.00 in a research note on Tuesday, September 3rd. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$48.03.

Canadian Western Bank Price Performance

The stock has a fifty day moving average of C$50.66 and a 200 day moving average of C$39.15. The stock has a market cap of C$5.28 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 2.95 and a beta of 1.39.

Canadian Western Bank (TSE:CWB - Get Free Report) last announced its quarterly earnings data on Friday, August 30th. The company reported C$0.60 EPS for the quarter, missing the consensus estimate of C$0.87 by C($0.27). The business had revenue of C$298.47 million for 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%. As a group, equities analysts expect that Canadian Western Bank will post 3.5990566 earnings per share for the current fiscal year.

Canadian Western Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend was Thursday, September 12th. Canadian Western Bank's dividend payout ratio is currently 48.61%.

Insider Buying and Selling at Canadian Western Bank

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. In related news, Senior Officer Trent Albert Erickson sold 3,900 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of C$51.42, for a total transaction of C$200,538.00. Also, Senior Officer Jenny Siman sold 1,000 shares of the firm's stock in a transaction on Monday, July 22nd. The shares were sold at an average price of C$46.05, for a total transaction of C$46,050.00. Company insiders own 0.46% of the company's stock.

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.