Canadian Western Bank (TSE:CWB) Hits New 1-Year High at $25.45

Canadian Western Bank (TSE:CWB - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$25.45 and last traded at C$27.91, with a volume of 54678 shares trading hands. The stock had previously closed at C$27.77.

Analyst Upgrades and Downgrades

CWB has been the subject of several research reports. Raymond James lifted their target price on Canadian Western Bank from C$34.00 to C$37.00 and gave the company an "outperform" rating in a research note on Monday, December 11th. National Bankshares lifted their price objective on Canadian Western Bank from C$34.00 to C$37.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 20th. TD Securities lifted their price objective on Canadian Western Bank from C$32.00 to C$34.00 and gave the stock a "buy" rating in a research note on Monday, December 11th. Desjardins decreased their price objective on Canadian Western Bank from C$37.00 to C$35.00 and set a "buy" rating for the company in a research note on Monday, March 4th. Finally, Veritas Investment Research reaffirmed a "buy" rating on shares of Canadian Western Bank in a research note on Monday, March 4th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Canadian Western Bank presently has a consensus rating of "Moderate Buy" and a consensus target price of C$33.73.

Canadian Western Bank Stock Up 0.4 %

The firm has a market cap of C$2.69 billion, a P/E ratio of 8.46, a price-to-earnings-growth ratio of 2.95 and a beta of 1.57. The firm has a fifty day moving average of C$28.47 and a 200-day moving average of C$28.94.

Canadian Western Bank (TSE:CWB - Get Free Report) last released its earnings results on Friday, March 1st. The company reported C$0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.91 by C$0.02. Canadian Western Bank had a return on equity of 8.58% and a net margin of 31.97%. The business had revenue of C$289.99 million for the quarter, compared to analyst estimates of C$301.10 million. On average, equities analysts forecast that Canadian Western Bank will post 3.5491699 EPS for the current year.

Canadian Western Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date was Wednesday, March 6th. Canadian Western Bank's dividend payout ratio (DPR) is presently 40.61%.

Insiders Place Their Bets

In other Canadian Western Bank news, Senior Officer Vladimir Ahmad sold 2,253 shares of the business's stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of C$30.00, for a total transaction of C$67,590.00. Company insiders own 0.32% 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.