Canadian Western Bank (TSE:CWB) Senior Officer Kirby Trent Hill Sells 5,370 Shares

Canadian Western Bank (TSE:CWB) Senior Officer Kirby Trent Hill sold 5,370 shares of the stock in a transaction dated Thursday, January 13th. The shares were sold at an average price of C$40.42, for a total value of C$217,055.40.

Shares of Canadian Western Bank stock traded down C$0.32 during midday trading on Friday, hitting C$39.60. The company had a trading volume of 88,372 shares, compared to its average volume of 346,725. The stock has a market capitalization of C$3.54 billion and a P/E ratio of 10.70. The company has a 50 day moving average of C$37.90 and a 200 day moving average of C$36.59. Canadian Western Bank has a 52-week low of C$28.18 and a 52-week high of C$41.56.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 6th. Shareholders of record on Thursday, December 16th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.03%. This is an increase from Canadian Western Bank’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, December 15th. Canadian Western Bank’s dividend payout ratio (DPR) is currently 31.10%.

A number of brokerages recently commented on CWB. TD Securities dropped their price target on Canadian Western Bank from C$44.00 to C$43.00 and set a “buy” rating on the stock in a report on Monday, December 6th. Scotiabank lowered their price target on Canadian Western Bank from C$48.00 to C$45.00 in a research report on Monday, December 6th. CIBC upped their target price on Canadian Western Bank from C$44.00 to C$46.00 in a report on Monday, November 22nd. BMO Capital Markets upgraded Canadian Western Bank from a “market perform” rating to a “buy” rating and set a C$41.00 target price on the stock in a report on Friday, December 3rd. Finally, Veritas Investment Research upgraded Canadian Western Bank from a “reduce” rating to a “buy” rating in a report on Monday, December 6th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$41.92.

Canadian Western Bank Company Profile

Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, and chequing accounts, as well as organization, strata solution/condo, general trust, and trust fund investment accounts. It also offers commercial lending and real estate, and equipment financing and leasing products; loans and mortgages; secured and unsecured lines of credit; registered retirement savings plan; consolidation, vehicle, and recreation vehicle loans; and credit cards.

See Also: Environmental, Social, and Governance (ESG) Investing

Insider Buying and Selling by Quarter for Canadian Western Bank (TSE:CWB)

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