Canadian Western Bank (CWB) Hits New 1-Year High at $39.54
Canadian Western Bank (TSE:CWB)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$39.54 and last traded at C$39.25, with a volume of 250811 shares trading hands. The stock had previously closed at C$39.15.
Several equities analysts have recently commented on the company. Laurentian Bank of Canada upped their target price on Canadian Western Bank from C$36.00 to C$39.00 and gave the company a “buy” rating in a report on Monday, October 2nd. CSFB increased their price objective on Canadian Western Bank from C$34.00 to C$37.00 in a report on Friday, December 8th. Canaccord Genuity increased their price objective on Canadian Western Bank from C$30.00 to C$33.00 in a report on Tuesday, October 31st. National Bank Financial increased their price objective on Canadian Western Bank from C$35.00 to C$38.00 and gave the stock a “sector perform” rating in a report on Friday, December 8th. Finally, Barclays increased their price objective on Canadian Western Bank from C$31.00 to C$33.00 in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of C$38.69.
The company has a market capitalization of $3,490.00, a price-to-earnings ratio of 16.22 and a beta of 1.15.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 15th will be issued a $0.24 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.45%. Canadian Western Bank’s payout ratio is currently 38.43%.
In other news, insider James Jeffrey Bowling sold 1,500 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of C$38.13, for a total value of C$57,195.00.
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About Canadian Western Bank
Canadian Western Bank (CWB) is a Canada-based bank engaged in offering a range of financial services. The Bank specializes in mid-market commercial banking, real estate and construction financing, and equipment financing and leasing. The Bank offers financing solutions through CWB Equipment Financing, National Leasing, CWB Maxium Financial, CWB Franchise Finance and CWB Optimum Mortgage, trust services through Canadian Western Trust and wealth advisory services through CWB Wealth Management.
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