Insider Selling: Canadian Western Bank (TSE:CWB) Senior Officer Sells 4,600 Shares of Stock

Canadian Western Bank (TSE:CWB) Senior Officer Supriya Anna Maria James sold 4,600 shares of the firm’s stock in a transaction 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.

Canadian Western Bank Stock Down 0.5 %

Shares of TSE:CWB opened at C$26.70 on Friday. The company has a market cap 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. The company’s 50-day moving average price is C$27.90 and its 200 day moving average price is C$28.82. Canadian Western Bank has a fifty-two week low of C$22.96 and a fifty-two week high of C$31.64.

Canadian Western Bank (TSE:CWB) last issued its quarterly earnings data on Friday, March 1st. The company reported C$0.93 earnings per share for the quarter, beating the consensus estimate of C$0.91 by C$0.02. The firm had revenue of C$289.99 million for the quarter, compared to the consensus estimate of C$301.10 million. Canadian Western Bank had a net margin of 31.97% and a return on equity of 8.58%. As a group, equities analysts anticipate that Canadian Western Bank will post 3.5601057 EPS for the current year.

Canadian Western Bank Dividend Announcement

The business 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. The ex-dividend date was Wednesday, March 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.09%. Canadian Western Bank’s dividend payout ratio (DPR) is 40.61%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CWB shares. Scotiabank raised shares of 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 report on Tuesday, February 20th. Royal Bank of Canada decreased their price objective on shares of Canadian Western Bank from C$34.00 to C$32.00 and set an “outperform” rating for the company in a report on Monday, March 4th. CIBC lifted their price target on shares of Canadian Western Bank from C$32.00 to C$34.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Veritas Investment Research reaffirmed a “buy” rating on shares of Canadian Western Bank in a report on Monday, March 4th. Finally, Desjardins decreased their price target on shares of Canadian Western Bank from C$37.00 to C$35.00 and set a “buy” rating for the company in a report on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Canadian Western Bank currently has a consensus rating of “Moderate Buy” and a consensus price target of C$33.73.

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.