Canadian Western Bank (TSE:CWB) Reaches New 52-Week High at $25.97

Canadian Western Bank (TSE:CWB) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$25.97 and last traded at C$27.29, with a volume of 189078 shares. The stock had previously closed at C$27.18.

Analyst Ratings Changes

CWB has been the subject of a number of recent analyst reports. Veritas Investment Research reaffirmed a “buy” rating on shares of Canadian Western Bank in a report on Monday, March 4th. Scotiabank upgraded shares of Canadian Western Bank from a “sector perform” rating to an “outperform” rating and set a C$32.00 target price on the stock in a research note on Tuesday, February 20th. CIBC boosted their price target on shares of Canadian Western Bank from C$32.00 to C$34.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Desjardins decreased their price target on shares of Canadian Western Bank from C$35.00 to C$33.00 and set a “buy” rating on the stock in a report on Monday. Finally, Royal Bank of Canada lowered their price target on Canadian Western Bank from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a report on Monday, March 4th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$33.55.

Canadian Western Bank Trading Up 0.4 %

The firm has a market cap of C$2.63 billion, a PE ratio of 8.24, a PEG ratio of 2.95 and a beta of 1.54. The firm has a fifty day simple moving average of C$27.57 and a two-hundred day simple moving average of C$28.78.

Canadian Western Bank (TSE:CWB) last released its quarterly earnings results on Friday, March 1st. The company reported C$0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.91 by C$0.02. Canadian Western Bank had a net margin of 31.97% and a return on equity of 8.58%. The company had revenue of C$289.99 million during the quarter, compared to the consensus estimate of C$301.10 million. Equities analysts expect that Canadian Western Bank will post 3.5834464 earnings per share for the current fiscal year.

Canadian Western Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $1.36 annualized dividend and a yield of 4.98%. Canadian Western Bank’s payout ratio is 40.61%.

Insider Buying and Selling at Canadian Western Bank

In related news, Senior Officer Supriya Anna Maria James sold 4,600 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of C$27.00, for a total value of C$124,203.22. In other news, Senior Officer Supriya Anna Maria James sold 4,600 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of C$27.00, for a total transaction of C$124,203.22. Also, Senior Officer Mark Stafford sold 1,708 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of C$27.94, for a total value of C$47,728.69. Insiders own 0.32% of the company’s stock.

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.