Canadian Western Bank (TSE:CWB) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Canadian Western Bank (TSE:CWB) have been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$48.03.

A number of research firms recently issued reports on CWB. Jefferies Financial Group raised their price objective on shares of Canadian Western Bank from C$52.00 to C$57.00 and gave the stock a “hold” rating in a report on Tuesday, September 3rd. Royal Bank of Canada increased their target price on shares of Canadian Western Bank from C$51.00 to C$52.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 3rd. Raymond James lowered shares of Canadian Western Bank from a “moderate buy” rating to a “hold” rating and increased their target price for the stock from C$52.00 to C$54.00 in a research report on Tuesday, September 3rd. Cormark increased their target price on shares of Canadian Western Bank from C$46.00 to C$47.00 in a research report on Tuesday, September 3rd. Finally, Desjardins increased their target price on shares of Canadian Western Bank from C$53.00 to C$57.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd.

Canadian Western Bank Price Performance

Shares of CWB stock opened at C$57.93 on Monday. The firm has a 50-day moving average of C$55.17 and a 200-day moving average of C$44.62. The company 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. Canadian Western Bank has a one year low of C$24.66 and a one year high of C$58.29.

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

Canadian Western Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Thursday, September 12th. Canadian Western Bank’s dividend payout ratio (DPR) is presently 46.98%.

Insiders Place Their Bets

In related news, Senior Officer Trent Albert Erickson sold 3,900 shares of Canadian Western Bank stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of C$51.42, for a total value of C$200,538.00. Insiders own 0.46% of the company’s stock.

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.