Canadian Western Bank (TSE:CWB) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Canadian Western Bank (TSE:CWB) have earned an average rating of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$40.29.

CWB has been the subject of several recent analyst reports. CIBC cut shares of Canadian Western Bank from a “neutral” rating to a “tender” rating and lifted their target price for the stock from C$30.00 to C$55.80 in a research note on Tuesday, June 18th. BMO Capital Markets lowered 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 note on Wednesday, June 12th. Royal Bank of Canada lowered shares of Canadian Western Bank from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$32.00 to C$28.00 in a report on Monday, June 3rd. National Bankshares dropped their price target 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 report on Monday, June 3rd. Finally, Scotiabank boosted their price objective on shares of 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.

Insider Activity

In other news, Senior Officer Trent Albert Erickson purchased 4,312 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were purchased at an average price of C$41.44 per share, with a total value of C$178,680.66. In related news, Senior Officer Jenny Siman sold 1,000 shares of the company’s stock in a transaction on 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 acquired 4,312 shares of Canadian Western Bank stock in a transaction on Friday, June 14th. The shares were bought at an average price of C$41.44 per share, for a total transaction of C$178,680.66. Insiders own 0.46% of the company’s stock.

Canadian Western Bank Stock Down 0.0 %

TSE CWB opened at C$50.17 on Wednesday. The stock has a market cap of C$4.84 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39. Canadian Western Bank has a fifty-two week low of C$24.66 and a fifty-two week high of C$50.18. The business has a fifty day moving average of C$46.04 and a 200-day moving average of C$34.48.

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

Canadian Western Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were paid a $0.35 dividend. The ex-dividend date was Thursday, June 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.79%. This is a positive change from Canadian Western Bank’s previous quarterly dividend of $0.34. Canadian Western Bank’s dividend payout ratio (DPR) is 41.67%.

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.