Canadian Western Bank (TSE:CWB) Senior Officer Sells C$200,538.00 in Stock

Canadian Western Bank (TSE:CWB - Get Free Report) Senior Officer Trent Albert Erickson sold 3,900 shares of Canadian Western Bank 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 value of C$200,538.00.

Trent Albert Erickson also recently made the following trade(s):

• On Friday, June 14th, Trent Albert Erickson purchased 4,312 shares of Canadian Western Bank stock. The shares were acquired at an average cost of C$41.44 per share, with a total value of C$178,680.66.

Canadian Western Bank Stock Performance

Shares of TSE CWB traded down C$0.30 during midday trading on Friday, reaching C$51.63. 264,745 shares of the stock were exchanged, compared to its average volume of 370,981. The company has a 50 day simple moving average of C$47.29 and a 200 day simple moving average of C$35.54. The stock has a market capitalization of C$4.99 billion, a P/E ratio of 17.77, a PEG ratio of 2.95 and a beta of 1.39. Canadian Western Bank has a twelve month low of C$24.66 and a twelve month high of C$52.80.

Canadian Western Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be given a $0.35 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.40 annualized dividend and a yield of 2.71%. Canadian Western Bank's dividend payout ratio is presently 47.78%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CWB shares. CIBC upped their target price on shares of Canadian Western Bank from C$55.80 to C$60.30 and gave the stock a "neutral" rating in a report on Tuesday. Jefferies Financial Group raised their price target on shares of Canadian Western Bank from C$52.00 to C$57.00 and gave the stock a "hold" rating in a report on Tuesday. Raymond James cut shares of Canadian Western Bank from a "moderate buy" rating to a "hold" rating and upped their price objective for the stock from C$52.00 to C$54.00 in a report on Tuesday. Scotiabank increased their target price on Canadian Western Bank from C$30.00 to C$52.00 and gave the company an "outperform" rating in a research note on Tuesday, June 18th. Finally, Cibc World Mkts upgraded Canadian Western Bank to a "hold" rating in a research note on Tuesday. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the 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.

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.