Canadian Western Bank (TSE:CWB) Stock Price Crosses Above 200 Day Moving Average of $38.40

Canadian Western Bank (TSE:CWB - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$38.40 and traded as high as C$53.97. Canadian Western Bank shares last traded at C$53.90, with a volume of 303,706 shares changing hands.

Analyst Ratings Changes

A number of analysts recently commented on CWB shares. Cibc World Mkts upgraded shares of Canadian Western Bank to a "hold" rating in a research note on Tuesday, September 3rd. Cormark lifted 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. Raymond James downgraded Canadian Western Bank from a "moderate buy" rating to a "hold" rating and upped their target price for the company from C$52.00 to C$54.00 in a research report on Tuesday, September 3rd. CIBC raised their target price on Canadian Western Bank from C$55.80 to C$60.30 and gave the stock a "neutral" rating in a research note on Tuesday, September 3rd. Finally, Jefferies Financial Group boosted their price target on Canadian Western Bank from C$52.00 to C$57.00 and gave the company a "hold" rating 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 data from MarketBeat, Canadian Western Bank currently has a consensus rating of "Moderate Buy" and an average target price of C$48.03.

Canadian Western Bank Stock Performance

The firm has a market capitalization of C$5.26 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39. The firm's 50 day moving average price is C$50.20 and its 200-day moving average price is C$38.58.

Canadian Western Bank (TSE:CWB - Get Free Report) last released its quarterly 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). Canadian Western Bank had a return on equity of 7.51% and a net margin of 29.23%. The business had revenue of C$298.47 million during the quarter, compared to analyst estimates of C$296.88 million. On average, equities research 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 announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a $0.35 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.40 annualized dividend and a dividend yield of 2.57%. Canadian Western Bank's dividend payout ratio (DPR) is 48.61%.

Insider Transactions 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 stock was 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 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. Also, Senior Officer Trent Albert Erickson sold 3,900 shares of the company's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of C$51.42, for a total transaction of C$200,538.00. Corporate 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.