Canadian Western Bank (TSE:CWB) Senior Officer Sells C$46,050.00 in Stock

Canadian Western Bank (TSE:CWB) Senior Officer Jenny Siman sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of C$46.05, for a total transaction of C$46,050.00.

Canadian Western Bank Stock Up 1.3 %

TSE CWB traded up C$0.62 during mid-day trading on Monday, hitting C$46.60. The stock had a trading volume of 445,180 shares, compared to its average volume of 379,756. The company has a 50 day simple moving average of C$36.47 and a 200 day simple moving average of C$31.19. The company has a market cap of C$4.50 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 2.95 and a beta of 1.54. Canadian Western Bank has a 52-week low of C$24.66 and a 52-week high of C$46.91.

Canadian Western Bank (TSE:CWB) last released its quarterly earnings results on Friday, May 31st. The company reported C$0.81 EPS for the quarter, missing the consensus estimate of C$0.86 by C($0.05). Canadian Western Bank had a net margin of 31.97% and a return on equity of 8.58%. The business had revenue of C$285.92 million during the quarter, compared to analyst estimates of C$290.33 million. As a group, equities analysts anticipate that Canadian Western Bank will post 3.5933775 earnings per share for the current fiscal year.

Canadian Western Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were paid a $0.35 dividend. This is a boost from Canadian Western Bank’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 3.00%. The ex-dividend date was Thursday, June 6th. Canadian Western Bank’s payout ratio is presently 40.61%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CWB. National Bankshares cut their target price on Canadian Western Bank from C$37.00 to C$30.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. BMO Capital Markets cut shares of Canadian Western Bank from an “outperform” rating to a “market perform” rating and upped their target price for the company from C$35.00 to C$52.00 in a research report on Wednesday, June 12th. Scotiabank boosted their price target on shares of Canadian Western Bank from C$30.00 to C$52.00 and gave the company an “outperform” rating in a research note on Tuesday, June 18th. Desjardins increased their price objective on shares of Canadian Western Bank from C$32.00 to C$52.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Finally, Jefferies Financial Group lifted their target price on Canadian Western Bank from C$28.00 to C$52.00 and gave the company a “hold” rating in a research report on Thursday, June 13th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$40.22.

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.