Brokerages Set Canadian Western Bank (TSE:CWB) Price Target at C$48.03

Canadian Western Bank (TSE:CWB - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$48.03.

CWB has been the subject of a number of research reports. National Bankshares cut their target price on shares of Canadian Western Bank from C$37.00 to C$30.00 and set an "outperform" rating for the company in a research report on Monday, June 3rd. Scotiabank lifted 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. Royal Bank of Canada increased their target price on Canadian Western Bank from C$51.00 to C$52.00 and gave the company a "sector perform" rating in a report on Tuesday, September 3rd. Cibc World Mkts raised Canadian Western Bank to a "hold" rating in a report on Tuesday, September 3rd. Finally, Raymond James lowered Canadian Western Bank from a "moderate buy" rating to a "hold" rating and increased their price objective for the company from C$52.00 to C$54.00 in a research note on Tuesday, September 3rd.

Insider Activity at Canadian Western Bank

In other Canadian Western Bank news, Senior Officer Trent Albert Erickson sold 3,900 shares of the stock in a transaction that occurred 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. In other news, Senior Officer Jenny Siman sold 1,000 shares of the business's stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of C$46.05, for a total transaction of C$46,050.00. Also, Senior Officer Trent Albert Erickson sold 3,900 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of C$51.42, for a total transaction of C$200,538.00. 0.46% of the stock is owned by insiders.

Canadian Western Bank Stock Down 0.1 %

TSE:CWB opened at C$53.47 on Friday. Canadian Western Bank has a 52-week low of C$24.66 and a 52-week high of C$53.79. The stock has a fifty day simple moving average of C$49.08 and a 200-day simple moving average of C$37.26. The company has a market capitalization of C$5.17 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39.

Canadian Western Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.40 annualized dividend and a dividend yield of 2.62%. Canadian Western Bank's payout ratio is currently 47.78%.

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.