Canadian Western Bank (TSE:CWB) Receives C$48.03 Consensus Target Price from Brokerages

Canadian Western Bank (TSE:CWB) has been given an average recommendation of “Moderate Buy” by the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$48.03.

CWB has been the topic of several recent research reports. Royal Bank of Canada increased their price target on Canadian Western Bank from C$51.00 to C$52.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 3rd. Cibc World Mkts raised shares of Canadian Western Bank to a “hold” rating in a research report on Tuesday, September 3rd. CIBC upped their price objective on shares of Canadian Western Bank from C$55.80 to C$60.30 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Cormark lifted their price objective on shares of Canadian Western Bank from C$46.00 to C$47.00 in a report on Tuesday, September 3rd. Finally, Raymond James lowered shares of Canadian Western Bank from a “moderate buy” rating to a “hold” rating and upped their target price for the stock from C$52.00 to C$54.00 in a report on Tuesday, September 3rd.

Insider Transactions at Canadian Western Bank

In related news, Senior Officer Trent Albert Erickson sold 3,900 shares of Canadian Western Bank stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of C$51.42, for a total transaction of C$200,538.00. Company insiders own 0.46% of the company’s stock.

Canadian Western Bank Stock Performance

The company has a market capitalization of C$5.48 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 2.95 and a beta of 1.39. The business’s 50-day moving average is C$52.44 and its two-hundred day moving average is C$41.01. Canadian Western Bank has a 12 month low of C$24.66 and a 12 month high of C$57.43.

Canadian Western Bank (TSE:CWB) last released its quarterly earnings data on Friday, August 30th. The company reported C$0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.87 by C($0.27). The company had revenue of C$298.47 million for the quarter, compared to the consensus estimate of C$296.88 million. Canadian Western Bank had a return on equity of 7.51% and a net margin of 29.23%. As a group, equities analysts anticipate that Canadian Western Bank will post 3.656168 EPS for the current year.

Canadian Western Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were given a dividend of $0.35 per share. The ex-dividend date was Thursday, September 12th. This represents a $1.40 annualized dividend and a dividend yield of ∞. Canadian Western Bank’s dividend payout ratio is currently 46.98%.

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.