Canadian Western Bank (TSE:CWB) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Canadian Western Bank (TSE:CWB - Get Free Report) have received a consensus rating of "Moderate Buy" from the twelve research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$33.73.

A number of analysts recently weighed in on the stock. Veritas Investment Research reaffirmed a "buy" rating on shares of Canadian Western Bank in a research report 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 report on Tuesday, February 20th. CIBC boosted their price objective on shares of Canadian Western Bank from C$32.00 to C$34.00 and gave the stock a "neutral" rating in a report on Wednesday, February 14th. Desjardins cut their price objective on shares of Canadian Western Bank from C$37.00 to C$35.00 and set a "buy" rating on the stock in a report on Monday, March 4th. Finally, Royal Bank of Canada cut their price objective on shares of 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.

Canadian Western Bank Price Performance

CWB traded down C$0.14 during trading on Thursday, hitting C$26.70. The company's stock had a trading volume of 73,417 shares, compared to its average volume of 279,617. The firm's 50 day moving average price is C$27.90 and its 200-day moving average price is C$28.82. The stock has a market cap of C$2.58 billion, a PE ratio of 8.09, a PEG ratio of 2.95 and a beta of 1.57. Canadian Western Bank has a twelve month low of C$22.96 and a twelve month high of C$31.64.

Canadian Western Bank (TSE:CWB - Get Free Report) last announced its quarterly earnings data on Friday, March 1st. The company reported C$0.93 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of C$301.10 million. Equities analysts anticipate that Canadian Western Bank will post 3.5601057 earnings per share 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 issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 5.09%. The ex-dividend date of this dividend was Wednesday, March 6th. Canadian Western Bank's dividend payout ratio (DPR) is presently 40.61%.

Insider Activity

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 value of C$124,203.22. In related news, Senior Officer Mark Stafford sold 1,708 shares of the firm'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 transaction of C$47,728.69. Also, Senior Officer Supriya Anna Maria James sold 4,600 shares of the firm'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 transaction of C$124,203.22. 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.