Canadian Western Bank (TSE:CWB) Lowered to "Hold" at Raymond James

Raymond James cut shares of Canadian Western Bank (TSE:CWB - Free Report) from a moderate buy rating to a hold rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has C$54.00 price target on the stock, up from their prior price target of C$52.00. Raymond James also issued estimates for Canadian Western Bank's Q1 2025 earnings at $0.93 EPS, Q2 2025 earnings at $0.94 EPS, Q3 2025 earnings at $0.97 EPS, Q4 2025 earnings at $0.98 EPS and FY2025 earnings at $3.82 EPS.

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Several other brokerages have also weighed in on CWB. National Bankshares lowered their price objective on Canadian Western Bank from C$37.00 to C$30.00 and set an outperform rating for the company in a report on Monday, June 3rd. Desjardins upped their price target on Canadian Western Bank from C$53.00 to C$57.00 and gave the company a buy rating in a research report on Tuesday. CIBC raised their price objective 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. Royal Bank of Canada boosted their target price on shares of Canadian Western Bank from C$51.00 to C$52.00 and gave the company a sector perform rating in a research note on Tuesday. Finally, BMO Capital Markets downgraded shares of Canadian Western Bank from an outperform rating to a market perform rating and raised their price target for the stock from C$35.00 to C$52.00 in a research report on Wednesday, June 12th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of C$45.41.

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Check Out Our Latest Research Report on CWB

Canadian Western Bank Trading Up 1.0 %

TSE CWB traded up C$0.53 during trading hours on Tuesday, reaching C$51.96. 467,889 shares of the company traded hands, compared to its average volume of 372,135. The stock has a market capitalization of C$5.02 billion, a PE ratio of 15.46, a PEG ratio of 2.95 and a beta of 1.39. Canadian Western Bank has a 12 month low of C$24.66 and a 12 month high of C$52.80. The company has a 50 day moving average of C$47.12 and a two-hundred day moving average of C$35.42.

Canadian Western Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.69%. The ex-dividend date is Thursday, September 12th. Canadian Western Bank's dividend payout ratio is currently 41.67%.

Insider Buying and Selling at Canadian Western Bank

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

About Canadian Western Bank

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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.

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