Canadian Western Bank (TSE:CWB) had its target price decreased by TD Securities from C$33.00 to C$31.00 in a report published on Friday morning.

Several other research analysts also recently commented on the stock. Royal Bank of Canada cut their price target on shares of Canadian Western Bank from C$42.00 to C$40.00 and set an outperform rating for the company in a report on Friday, August 31st. Barclays cut their price target on shares of Canadian Western Bank from C$38.00 to C$35.00 in a report on Friday, November 16th. Canaccord Genuity cut their price target on shares of Canadian Western Bank from C$38.00 to C$36.00 in a report on Thursday, November 22nd. Finally, National Bank Financial cut their price target on shares of Canadian Western Bank from C$38.00 to C$32.00 and set a sector perform rating for the company in a report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of C$35.75.

TSE:CWB traded down C$0.13 during trading hours on Friday, hitting C$26.55. The stock had a trading volume of 461,600 shares, compared to its average volume of 262,359. Canadian Western Bank has a one year low of C$25.31 and a one year high of C$40.83.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Stockholders of record on Friday, December 14th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend is Thursday, December 13th. Canadian Western Bank’s dividend payout ratio (DPR) is currently 37.83%.

In related news, insider Lester Shore acquired 1,000 shares of the stock in a transaction dated Wednesday, October 31st. The shares were purchased at an average price of C$30.73 per share, for a total transaction of C$30,730.00. In the last 90 days, insiders have bought 2,850 shares of company stock worth $90,443.

Canadian Western Bank Company Profile

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.

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Analyst Recommendations for Canadian Western Bank (TSE:CWB)

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