Canadian Imperial Bank of Commerce (NYSE:CM) Reaches New 1-Year High Following Dividend Announcement

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) shares hit a new 52-week high during mid-day trading on Wednesday after the company announced a dividend. The stock traded as high as $100.48 and last traded at $100.5120, with a volume of 422934 shares. The stock had previously closed at $98.13.

The newly announced dividend which will be paid on Tuesday, April 28th. Investors of record on Friday, March 27th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, March 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is currently 50.25%.

Analysts Set New Price Targets

Several research firms have commented on CM. Weiss Ratings restated a “buy (b)” rating on shares of Canadian Imperial Bank of Commerce in a research report on Wednesday, January 21st. Raymond James Financial assumed coverage on shares of Canadian Imperial Bank of Commerce in a research note on Tuesday, November 25th. They issued a “market perform” rating for the company. Zacks Research lowered shares of Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Barclays raised shares of Canadian Imperial Bank of Commerce from an “underweight” rating to an “overweight” rating in a report on Thursday, February 19th. Finally, Wall Street Zen raised shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research note on Monday, November 3rd. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $107.50.

Canadian Imperial Bank of Commerce Trading Down 2.7%

The company has a 50 day simple moving average of $94.05 and a 200 day simple moving average of $86.12. The company has a market capitalization of $93.57 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 1.31 and a beta of 1.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.04 and a current ratio of 1.04.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last issued its quarterly earnings results on Thursday, December 4th. The bank reported $1.57 EPS for the quarter, topping the consensus estimate of $1.49 by $0.08. The firm had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Canadian Imperial Bank of Commerce had a return on equity of 14.93% and a net margin of 13.57%.The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.91 earnings per share. Analysts anticipate that Canadian Imperial Bank of Commerce will post 5.5 earnings per share for the current year.

Trending Headlines about Canadian Imperial Bank of Commerce

Here are the key news stories impacting Canadian Imperial Bank of Commerce this week:

• Positive Sentiment: CIBC reported a very strong Q1: adjusted EPS $2.76 vs. consensus $1.74 and revenue of $6.16B (vs. ~$5.53B est.), with revenue up ~15% YoY — results point to broad-based business-line growth and margin strength, a direct catalyst for upward revisions to earnings and valuation. CIBC Q1 press release/slide deck
• Positive Sentiment: The board declared a quarterly common dividend of $1.07 per share (annualized yield ~4.2%) with an ex-dividend/record schedule — supports income investors and signals management confidence in cash flow and capital. (Dividend announcement 2/25)
• Positive Sentiment: Multiple outlets highlight “record revenue” and stronger profit growth across divisions, reinforcing the beat as not one-off but business-wide momentum that can support higher target prices. CIBC earnings top estimates
• Neutral Sentiment: Management’s full earnings presentation is available for review — useful for investors who want detail on segment trends, reserve guidance and capital plans before adjusting models. Q1 earnings call presentation
• Neutral Sentiment: Analyst/press pieces emphasizing CIBC as an attractive dividend stock and reviews of historical returns provide context for income-focused investors but are less likely to move the stock immediately. Why CIBC is a great dividend stock
• Neutral Sentiment: Look-back pieces on 5‑year returns offer long-term performance context but are unlikely to change near-term trading. 5‑year return analysis

Institutional Trading of Canadian Imperial Bank of Commerce

A number of hedge funds have recently bought and sold shares of CM. Salem Investment Counselors Inc. purchased a new position in shares of Canadian Imperial Bank of Commerce during the 3rd quarter worth $30,000. Toth Financial Advisory Corp acquired a new stake in Canadian Imperial Bank of Commerce during the third quarter worth about $32,000. AdvisorNet Financial Inc raised its stake in Canadian Imperial Bank of Commerce by 300.0% during the third quarter. AdvisorNet Financial Inc now owns 400 shares of the bank’s stock worth $32,000 after purchasing an additional 300 shares during the period. Larson Financial Group LLC boosted its holdings in Canadian Imperial Bank of Commerce by 119.7% in the 3rd quarter. Larson Financial Group LLC now owns 402 shares of the bank’s stock valued at $32,000 after purchasing an additional 219 shares during the last quarter. Finally, Grey Fox Wealth Advisors LLC acquired a new position in Canadian Imperial Bank of Commerce in the 3rd quarter valued at about $34,000. Institutional investors and hedge funds own 49.88% of the company’s stock.

About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce (NYSE: CM), commonly known as CIBC, is a major Canadian financial institution headquartered in Toronto. Formed in 1961 through the merger of the Canadian Bank of Commerce and the Imperial Bank of Canada, CIBC is one of Canada’s largest banks and provides a broad range of banking and financial services to retail, small business, commercial and institutional clients.

CIBC’s activities span personal and business banking, wealth management, capital markets and corporate banking.