Canadian Western Bank (TSE:CWB) Plans Quarterly Dividend of $0.35

Canadian Western Bank (TSE:CWB - Get Free Report) declared a quarterly dividend on Friday, August 30th, Zacks reports. Investors of record on Thursday, September 12th will be given a dividend of 0.35 per share on Thursday, September 26th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Thursday, September 12th.

Canadian Western Bank Price Performance

Shares of Canadian Western Bank stock traded up C$0.17 during trading on Friday, reaching C$51.47. 964,163 shares of the company traded hands, compared to its average volume of 371,106. Canadian Western Bank has a 1-year low of C$24.66 and a 1-year high of C$52.80. The company has a 50 day moving average price of C$46.61 and a 200-day moving average price of C$34.88. The firm has a market capitalization of C$4.97 billion, a PE ratio of 15.32, a P/E/G ratio of 2.95 and a beta of 1.39.

Canadian Western Bank (TSE:CWB - Get Free Report) last released its earnings results on Friday, May 31st. The company reported C$0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.86 by C($0.05). Canadian Western Bank had a net margin of 32.29% and a return on equity of 8.66%. The company had revenue of C$285.92 million for the quarter, compared to analyst estimates of C$290.33 million. Equities research analysts expect that Canadian Western Bank will post 3.703869 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Jefferies Financial Group boosted their price target on shares of Canadian Western Bank from C$28.00 to C$52.00 and gave the company a "hold" rating in a research note on Thursday, June 13th. BMO Capital Markets lowered shares of Canadian Western Bank from an "outperform" rating to a "market perform" rating and boosted their price target for the company from C$35.00 to C$52.00 in a research note on Wednesday, June 12th. National Bankshares reduced 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 note on Monday, June 3rd. Desjardins upped their target price on shares of Canadian Western Bank from C$52.00 to C$53.00 and gave the stock a "buy" rating in a research note on Tuesday, August 6th. Finally, Scotiabank upped their target price on shares of Canadian Western Bank from C$30.00 to C$52.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 18th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$40.29.

Insider Activity at Canadian Western Bank

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

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.