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 business’s stock in a transaction on Tuesday, April 23rd. The shares were 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 traded down C$0.14 on Thursday, hitting C$26.70. The company had a trading volume of 73,417 shares, compared to its average volume of 279,617. The firm’s 50-day simple moving average is C$27.93 and its two-hundred day simple moving average is C$28.84. Canadian Western Bank has a 1 year low of C$22.96 and a 1 year high of C$31.64. The firm has a market capitalization of C$2.58 billion, a price-to-earnings ratio of 8.13, a P/E/G ratio of 2.95 and a beta of 1.57.

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

Canadian Western Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $1.36 dividend on an annualized basis and a yield of 5.09%. Canadian Western Bank’s dividend payout ratio (DPR) is currently 40.61%.

Wall Street Analyst Weigh In

Several research firms have weighed in on CWB. Royal Bank of Canada decreased their price target on shares of Canadian Western Bank from C$34.00 to C$32.00 and set an “outperform” rating for the company in a research note on Monday, March 4th. Scotiabank raised shares of Canadian Western Bank from a “sector perform” rating to an “outperform” rating and set a C$32.00 price target for the company in a research note on Tuesday, February 20th. Veritas Investment Research reaffirmed a “buy” rating on shares of Canadian Western Bank in a research note on Monday, March 4th. 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 research note on Monday, March 4th. Finally, 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 research note on Wednesday, February 14th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.