Canadian Western Bank (TSE:CWB) announced a quarterly dividend on Thursday, August 30th, Zacks reports. Stockholders of record on Friday, September 14th will be paid a dividend of 0.26 per share on Friday, September 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Thursday, September 13th. This is an increase from Canadian Western Bank’s previous quarterly dividend of $0.25.

Shares of CWB stock traded up C$0.17 during trading hours on Friday, reaching C$35.78. The company’s stock had a trading volume of 255,200 shares, compared to its average volume of 248,310. Canadian Western Bank has a one year low of C$30.02 and a one year high of C$40.83.

Canadian Western Bank (TSE:CWB) last released its earnings results on Thursday, August 30th. The company reported C$0.75 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.77 by C($0.02). The firm had revenue of C$204.99 million during the quarter, compared to analysts’ expectations of C$205.70 million. Canadian Western Bank had a net margin of 33.13% and a return on equity of 11.23%.

A number of research analysts have recently commented on CWB shares. Barclays raised their target price on Canadian Western Bank from C$37.00 to C$38.00 in a research note on Friday, June 8th. Cormark raised their target price on Canadian Western Bank from C$39.00 to C$40.00 in a research note on Friday, June 8th. Royal Bank of Canada lowered their target price on Canadian Western Bank from C$42.00 to C$40.00 and set an “outperform” rating for the company in a research note on Friday, August 31st. TD Securities raised their target price on Canadian Western Bank from C$40.00 to C$42.00 and gave the company a “hold” rating in a research note on Friday, June 8th. Finally, Scotiabank raised their target price on Canadian Western Bank from C$39.00 to C$42.00 and gave the company an “outperform” rating in a research note on Friday, June 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Canadian Western Bank presently has a consensus rating of “Hold” and a consensus price target of C$39.43.

In other Canadian Western Bank news, insider Matthew Ryan Evans sold 800 shares of Canadian Western Bank stock in a transaction on Friday, June 29th. The stock was sold at an average price of C$34.63, for a total transaction of C$27,704.00. Also, insider James Jeffrey Bowling sold 1,500 shares of Canadian Western Bank stock in a transaction on Monday, June 11th. The shares were sold at an average price of C$37.20, for a total value of C$55,800.00. In the last 90 days, insiders sold 3,338 shares of company stock valued at $121,230.

Canadian Western Bank Company Profile

Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, senior, chequing, youth, and student accounts, as well as specialized accounts, including corporate and commercial, organization, strata solution/condo, general trust, and trust fund investment accounts.

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Dividend History for Canadian Western Bank (TSE:CWB)

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