Analysts Set Canadian Western Bank (TSE:CWB) PT at C$48.03

Shares of Canadian Western Bank (TSE:CWB) have received an average recommendation of “Moderate Buy” from the twelve analysts that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$48.03.

Several equities analysts have weighed in on the stock. Cormark raised their target price on shares of Canadian Western Bank from C$46.00 to C$47.00 in a report on Tuesday, September 3rd. CIBC raised their price objective on shares of Canadian Western Bank from C$55.80 to C$60.30 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Jefferies Financial Group upped their target price on Canadian Western Bank from C$52.00 to C$57.00 and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Cibc World Mkts raised Canadian Western Bank to a “hold” rating in a research report on Tuesday, September 3rd. Finally, Raymond James cut Canadian Western Bank from a “moderate buy” rating to a “hold” rating and boosted their price target for the stock from C$52.00 to C$54.00 in a report on Tuesday, September 3rd.

Insider Transactions at Canadian Western Bank

In related news, Senior Officer Trent Albert Erickson sold 3,900 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of C$51.42, for a total transaction of C$200,538.00. Company insiders own 0.46% of the company’s stock.

Canadian Western Bank Price Performance

CWB opened at C$57.93 on Monday. Canadian Western Bank has a 1-year low of C$24.66 and a 1-year high of C$58.29. The stock has a market cap of C$5.60 billion, a P/E ratio of 19.44, a P/E/G ratio of 2.95 and a beta of 1.39. The stock’s 50 day simple moving average is C$55.17 and its 200 day simple moving average is C$44.87.

Canadian Western Bank (TSE:CWB) last posted its earnings results on Friday, August 30th. The company reported C$0.60 earnings per share for the quarter, missing the consensus estimate of C$0.87 by C($0.27). Canadian Western Bank had a net margin of 29.23% and a return on equity of 7.51%. The firm had revenue of C$298.47 million during the quarter, compared to analyst estimates of C$296.88 million. Research analysts expect that Canadian Western Bank will post 3.656168 EPS for the current fiscal year.

Canadian Western Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Thursday, September 12th. Canadian Western Bank’s payout ratio is currently 46.98%.

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.