Canadian Western Bank (CWB) Insider Sells 800 Shares of Stock

Canadian Western Bank (TSE:CWB) insider Matthew Ryan Evans sold 800 shares of the 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.

TSE:CWB traded down C$0.32 during trading hours on Friday, reaching C$34.65. 333,715 shares of the company’s stock were exchanged, compared to its average volume of 280,955. Canadian Western Bank has a 1-year low of C$27.14 and a 1-year high of C$40.83.

Canadian Western Bank (TSE:CWB) last released its earnings results on Thursday, June 7th. The company reported C$0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.72 by C$0.01. Canadian Western Bank had a net margin of 33.13% and a return on equity of 11.23%. The company had revenue of C$196.59 million during the quarter, compared to analysts’ expectations of C$191.40 million.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 28th. Stockholders of record on Friday, June 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.89%. The ex-dividend date was Thursday, June 14th.

A number of analysts recently weighed in on CWB shares. TD Securities increased their price target on shares of Canadian Western Bank from C$40.00 to C$42.00 and gave the stock a “hold” rating in a research note on Friday, June 8th. Barclays increased their price target on shares of Canadian Western Bank from C$36.00 to C$37.00 in a research note on Friday, March 9th. CIBC decreased their price target on shares of Canadian Western Bank from C$42.00 to C$40.00 in a research note on Friday, March 9th. Royal Bank of Canada decreased their price target on shares of Canadian Western Bank from C$40.00 to C$39.00 and set an “outperform” rating for the company in a research note on Friday, March 9th. Finally, Eight Capital increased their price target on shares of Canadian Western Bank from C$42.00 to C$43.00 in a research note on Friday, June 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Canadian Western Bank presently has an average rating of “Hold” and an average target price of C$39.36.

About Canadian Western Bank

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.

Insider Buying and Selling by Quarter for Canadian Western Bank (TSE:CWB)

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