Several other research firms also recently weighed in on CWB. CIBC boosted their target price on shares of Canadian Western Bank from C$37.00 to C$42.00 in a research report on Monday, November 13th. BMO Capital Markets lifted their price objective on shares of Canadian Western Bank from C$33.00 to C$34.00 and gave the company a market perform rating in a research note on Friday, December 8th. Canaccord Genuity boosted their target price on shares of Canadian Western Bank from C$38.00 to C$40.00 in a research note on Tuesday, January 16th. Royal Bank of Canada upped their price objective on shares of Canadian Western Bank from C$36.00 to C$40.00 and gave the stock an outperform rating in a research report on Friday, December 8th. Finally, Desjardins upped their price objective on shares of Canadian Western Bank from C$35.00 to C$37.00 in a research report on Friday, December 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of C$38.85.
Shares of TSE:CWB traded down C$0.87 on Friday, reaching C$32.18. The company’s stock had a trading volume of 293,409 shares, compared to its average volume of 314,422. Canadian Western Bank has a 52-week low of C$23.68 and a 52-week high of C$40.83.
Canadian Western Bank (TSE:CWB) last announced its quarterly earnings data on Thursday, March 8th. The company reported C$0.75 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.71 by C$0.04. Canadian Western Bank had a net margin of 33.13% and a return on equity of 11.23%. The company had revenue of C$193.22 million during the quarter, compared to analyst estimates of C$191.39 million.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 15th. This is a positive change from Canadian Western Bank’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.11%.
In related news, insider Allen David Stephen sold 1,000 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of C$40.00, for a total value of C$40,000.00. Also, Director Margaret Jean Mulligan purchased 800 shares of the stock in a transaction on Monday, March 12th. The stock was acquired at an average price of C$35.72 per share, with a total value of C$28,576.00. Over the last 90 days, insiders have sold 3,738 shares of company stock worth $98,754.
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Canadian Western Bank Company Profile
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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