Canadian Western Bank (CWB) PT Raised to C$37.00
Canadian Western Bank (TSE:CWB) had its target price upped by Desjardins from C$35.00 to C$37.00 in a research note issued to investors on Friday. Desjardins also issued estimates for Canadian Western Bank’s Q1 2018 earnings at $0.70 EPS, Q2 2018 earnings at $0.72 EPS, Q3 2018 earnings at $0.76 EPS and Q4 2018 earnings at $0.78 EPS.
Other equities research analysts also recently issued research reports about the company. Laurentian Bank of Canada upped their price target on Canadian Western Bank from C$36.00 to C$39.00 and gave the stock a buy rating in a report on Monday, October 2nd. Barclays raised their price target on Canadian Western Bank from C$28.00 to C$30.00 in a research note on Friday, August 11th. Canaccord Genuity increased their price objective on Canadian Western Bank from C$29.00 to C$30.00 in a research report on Friday, September 1st. Royal Bank of Canada raised Canadian Western Bank from a sector perform rating to an outperform rating and increased their price objective for the stock from C$32.00 to C$35.00 in a research report on Friday, September 1st. Finally, TD Securities increased their price objective on Canadian Western Bank from C$30.00 to C$32.00 and gave the stock a hold rating in a research report on Friday, September 1st. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Canadian Western Bank currently has a consensus rating of Buy and a consensus target price of C$38.69.
Canadian Western Bank (TSE CWB) opened at C$38.35 on Friday. Canadian Western Bank has a 12 month low of C$23.68 and a 12 month high of C$38.59.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 15th will be given a $0.24 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.96 dividend on an annualized basis and a yield of 2.50%. Canadian Western Bank’s dividend payout ratio (DPR) is 40.35%.
In other Canadian Western Bank news, insider James Jeffrey Bowling sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of C$38.13, for a total value of C$57,195.00.
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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.
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