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

Canadian Western Bank (TSE:CWB) has been given a consensus rating of “Moderate Buy” by the twelve brokerages that are covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$48.03.

A number of research firms recently weighed in on CWB. Cormark increased their price target on Canadian Western Bank from C$46.00 to C$47.00 in a research note on Tuesday, September 3rd. Desjardins increased their price objective on Canadian Western Bank from C$53.00 to C$57.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. CIBC increased 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 report on Tuesday, September 3rd. Raymond James cut Canadian Western Bank from a “moderate buy” rating to a “hold” rating and increased their price objective for the stock from C$52.00 to C$54.00 in a research report on Tuesday, September 3rd. Finally, Cibc World Mkts upgraded Canadian Western Bank to a “hold” rating in a research report on Tuesday, September 3rd.

Insider Activity at Canadian Western Bank

In related news, Senior Officer Trent Albert Erickson sold 3,900 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of C$51.42, for a total value of C$200,538.00. In related news, Senior Officer Jenny Siman sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was 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 Canadian Western Bank stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of C$51.42, for a total value of C$200,538.00. 0.46% of the stock is currently owned by insiders.

Canadian Western Bank Stock Performance

Canadian Western Bank has a 12 month low of C$24.66 and a 12 month high of C$57.43. The firm has a fifty day simple moving average of C$52.04 and a two-hundred day simple moving average of C$40.70. The company has a market cap of C$5.48 billion, a PE ratio of 19.00, a PEG ratio of 2.95 and a beta of 1.39.

Canadian Western Bank (TSE:CWB) last posted 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 net margin of 29.23% and a return on equity of 7.51%. The business had revenue of C$298.47 million during the quarter, compared to the consensus estimate of C$296.88 million. Analysts predict that Canadian Western Bank will post 3.656168 earnings per share for the current year.

Canadian Western Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of ?. The ex-dividend date of this dividend was Thursday, September 12th. Canadian Western Bank’s dividend payout ratio (DPR) is presently 46.98%.

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.