Canadian Western Bank (TSE:CWB) insider Allen David Stephen sold 1,450 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of C$40.52, for a total transaction of C$58,754.00.

Allen David Stephen also recently made the following trade(s):

  • On Wednesday, January 17th, Allen David Stephen sold 1,000 shares of Canadian Western Bank stock. The shares were sold at an average price of C$40.00, for a total transaction of C$40,000.00.

Canadian Western Bank (CWB) traded up C$0.25 during trading hours on Friday, reaching C$40.55. 234,600 shares of the company’s stock traded hands, compared to its average volume of 282,296. The stock has a market cap of $3,590.00, a price-to-earnings ratio of 16.76 and a beta of 1.15. 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 issued its quarterly earnings results on Thursday, December 7th. The company reported C$0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.67 by C$0.07. Canadian Western Bank had a net margin of 33.13% and a return on equity of 11.23%.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Friday, December 15th were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.96 annualized dividend and a dividend yield of 2.37%. Canadian Western Bank’s payout ratio is currently 38.43%.

Several brokerages recently weighed in on CWB. Scotiabank raised their price target on shares of Canadian Western Bank from C$42.00 to C$43.00 and gave the company an “outperform” rating in a research report on Friday, December 8th. CSFB raised their price target on shares of Canadian Western Bank from C$37.00 to C$40.00 in a research report on Friday. CIBC raised their price target on shares of Canadian Western Bank from C$37.00 to C$42.00 in a research report on Monday, November 13th. TD Securities raised their price target on shares of Canadian Western Bank from C$32.00 to C$36.00 and gave the company a “hold” rating in a research report on Thursday, September 28th. Finally, National Bank Financial raised their price target on shares of Canadian Western Bank from C$35.00 to C$38.00 and gave the company a “sector perform” rating in a research report on Friday, December 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of C$39.08.

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About Canadian Western Bank

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.

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

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