Canadian Western Bank (TSE:CWB) Hits New 12-Month High at $25.44

Shares of Canadian Western Bank (TSE:CWB - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$25.44 and last traded at C$26.60, with a volume of 69693 shares. The stock had previously closed at C$26.77.

Analyst Ratings Changes

CWB has been the topic of a number of research reports. Desjardins reduced their target price on shares of Canadian Western Bank from C$37.00 to C$35.00 and set a "buy" rating on the stock in a research report on Monday, March 4th. Veritas Investment Research reissued a "buy" rating on shares of Canadian Western Bank in a research note on Monday, March 4th. Scotiabank raised shares of Canadian Western Bank from a "sector perform" rating to an "outperform" rating and set a C$32.00 price target for the company in a research note on Tuesday, February 20th. National Bankshares boosted their price target on shares of 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. Finally, CIBC boosted their price target on shares of Canadian Western Bank from C$32.00 to C$34.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 14th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$33.73.

Canadian Western Bank Price Performance

The company's 50-day moving average price is C$28.18 and its 200-day moving average price is C$28.90. The company has a market cap of C$2.55 billion, a P/E ratio of 8.02, a P/E/G ratio of 2.95 and a beta of 1.57.

Canadian Western Bank (TSE:CWB - Get Free Report) last issued its quarterly earnings data 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 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. On average, equities research analysts predict that Canadian Western Bank will post 3.5601057 EPS for the current year.

Canadian Western Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend was Wednesday, March 6th. Canadian Western Bank's dividend payout ratio is 40.61%.

Insider Transactions at Canadian Western Bank

In related news, Senior Officer Mark Stafford sold 1,708 shares of the firm's stock in a transaction 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. In other news, Senior Officer Mark Stafford sold 1,708 shares of Canadian Western Bank stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of C$27.94, for a total value of C$47,728.69. Also, Senior Officer Vladimir Ahmad sold 2,253 shares of Canadian Western Bank stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of C$30.00, for a total transaction of C$67,590.00. 0.32% of the stock is owned by insiders.

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.