Canadian Western Bank (TSE:CWB) Receives C$40.29 Average Price Target from Analysts

Shares of Canadian Western Bank (TSE:CWB - Get Free Report) have received an average recommendation of "Moderate Buy" from the thirteen research firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$40.29.

A number of brokerages have commented on CWB. National Bankshares decreased their price objective on shares of Canadian Western Bank from C$37.00 to C$30.00 and set an "outperform" rating on the stock in a report on Monday, June 3rd. CIBC lowered Canadian Western Bank from a "neutral" rating to a "tender" rating and increased their price objective for the company from C$30.00 to C$55.80 in a research report on Tuesday, June 18th. Scotiabank boosted their target price 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. BMO Capital Markets lowered Canadian Western Bank from an "outperform" rating to a "market perform" rating and lifted their price objective for the stock from C$35.00 to C$52.00 in a research report on Wednesday, June 12th. Finally, Jefferies Financial Group upped their target price on shares of Canadian Western Bank from C$28.00 to C$52.00 and gave the company a "hold" rating in a research report on Thursday, June 13th.

Canadian Western Bank Trading Up 4.5 %

CWB stock traded up C$2.25 during trading on Wednesday, hitting C$52.42. The company had a trading volume of 954,403 shares, compared to its average volume of 367,487. The company has a fifty day moving average price of C$46.04 and a two-hundred day moving average price of C$34.48. Canadian Western Bank has a fifty-two week low of C$24.66 and a fifty-two week high of C$52.80. The company has a market cap of C$5.06 billion, a P/E ratio of 15.60, 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 results on Friday, May 31st. The company reported C$0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.86 by C($0.05). The firm had revenue of C$285.92 million for the quarter, compared to the consensus estimate of C$290.33 million. Canadian Western Bank had a net margin of 32.29% and a return on equity of 8.66%. On average, analysts expect that Canadian Western Bank will post 3.703869 earnings per share for the current year.

Canadian Western Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were given a dividend of $0.35 per share. This is a boost from Canadian Western Bank's previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Thursday, June 6th. Canadian Western Bank's dividend payout ratio is currently 41.67%.

Insider Buying and Selling at Canadian Western Bank

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

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.