Canadian Western Bank (TSE:CWB) Sets New 1-Year High at $27.62

Canadian Western Bank (TSE:CWB) shares reached a new 52-week high on Tuesday . The stock traded as high as C$27.62 and last traded at C$53.36, with a volume of 57206 shares trading hands. The stock had previously closed at C$53.34.

Analyst Upgrades and Downgrades

CWB has been the subject of a number of research analyst reports. Desjardins boosted their target price on shares of Canadian Western Bank from C$53.00 to C$57.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. National Bankshares reduced their price objective on Canadian Western Bank from C$37.00 to C$30.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Scotiabank lifted their target price on Canadian Western Bank from C$30.00 to C$52.00 and gave the company an “outperform” rating in a research note on Tuesday, June 18th. Jefferies Financial Group upped their price target on Canadian Western Bank from C$52.00 to C$57.00 and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Finally, Royal Bank of Canada lifted their price objective on Canadian Western Bank from C$51.00 to C$52.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 3rd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Canadian Western Bank presently has a consensus rating of “Moderate Buy” and an average target price of C$48.03.

Canadian Western Bank Price Performance

The stock has a market cap of C$5.15 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39. The firm has a 50 day simple moving average of C$48.39 and a two-hundred day simple moving average of C$36.63.

Canadian Western Bank Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given a $0.35 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.63%. Canadian Western Bank’s dividend payout ratio is 47.78%.

Insider Activity at Canadian Western Bank

In other Canadian Western Bank news, Senior Officer Trent Albert Erickson sold 3,900 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of C$51.42, for a total value of C$200,538.00. In other Canadian Western Bank news, Senior Officer Trent Albert Erickson sold 3,900 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of C$51.42, for a total value of C$200,538.00. Also, Senior Officer Jenny Siman sold 1,000 shares of the stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of C$46.05, for a total value of C$46,050.00. Corporate insiders own 0.46% of the company’s stock.

Canadian Western Bank Company Profile

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.