Canadian Western Bank (TSE:CWB) had its price objective increased by TD Securities from C$38.00 to C$39.00 in a research report sent to investors on Friday. TD Securities currently has a hold rating on the stock.

Several other equities research analysts also recently issued reports on CWB. Desjardins raised their price objective on shares of Canadian Western Bank from C$35.00 to C$37.00 in a research report on Friday. CSFB raised their price objective on shares of Canadian Western Bank from C$34.00 to C$37.00 in a research report on Friday. Canaccord Genuity raised their price objective on shares of Canadian Western Bank from C$35.00 to C$38.00 and gave the stock a hold rating in a research report on Friday. Barclays raised their price objective on shares of Canadian Western Bank from C$33.00 to C$36.00 in a research report on Friday. Finally, Laurentian raised their price objective on shares of Canadian Western Bank from C$36.00 to C$39.00 and gave the stock a buy rating in a research report on Monday, October 2nd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Canadian Western Bank presently has a consensus rating of Buy and a consensus price target of C$38.69.

Shares of Canadian Western Bank (CWB) opened at C$37.94 on Friday. Canadian Western Bank has a 1 year low of C$23.68 and a 1 year high of C$38.00.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.24 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.96 annualized dividend and a dividend yield of 2.53%. Canadian Western Bank’s dividend payout ratio is presently 40.35%.

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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.

Analyst Recommendations for Canadian Western Bank (TSE:CWB)

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