Supriya Anna Maria James Sells 4,600 Shares of Canadian Western Bank (TSE:CWB) Stock

Canadian Western Bank (TSE:CWB - Get Free Report) Senior Officer Supriya Anna Maria James sold 4,600 shares of the 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 value of C$124,203.22.

Canadian Western Bank Stock Performance

Shares of TSE:CWB traded down C$0.14 during midday trading on Thursday, hitting C$26.70. 73,417 shares of the stock were exchanged, compared to its average volume of 279,617. Canadian Western Bank has a 52-week low of C$22.96 and a 52-week high of C$31.64. The business's fifty day simple moving average is C$27.90 and its two-hundred day simple moving average is C$28.82. The company has a market capitalization of C$2.58 billion, a PE ratio of 8.09, a P/E/G ratio of 2.95 and a beta of 1.57.

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, 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 during the quarter, compared to analyst estimates of C$301.10 million. As a group, equities analysts anticipate that Canadian Western Bank will post 3.5601057 EPS for the current year.

Canadian Western Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $1.36 annualized dividend and a dividend yield of 5.09%. Canadian Western Bank's dividend payout ratio is 40.61%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Scotiabank upgraded Canadian Western Bank from a "sector perform" rating to an "outperform" rating and set a C$32.00 price objective for the company in a research report on Tuesday, February 20th. CIBC increased their price objective on Canadian Western Bank from C$32.00 to C$34.00 and gave the company a "neutral" rating in a research report on Wednesday, February 14th. Veritas Investment Research reiterated a "buy" rating on shares of Canadian Western Bank in a research report on Monday, March 4th. Royal Bank of Canada cut their price objective on Canadian Western Bank from C$34.00 to C$32.00 and set an "outperform" rating for the company in a research report on Monday, March 4th. Finally, Desjardins cut 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 report on Monday, March 4th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$33.73.

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.