Canadian Western Bank (TSE:CWB) Senior Officer Supriya Anna Maria James 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 stock was sold at an average price of C$27.00, for a total transaction of C$124,203.22.

Canadian Western Bank Price Performance

Shares of CWB opened at C$26.70 on Friday. The firm has a fifty day moving average price of C$27.90 and a 200 day moving average price of C$28.82. Canadian Western Bank has a 1-year low of C$22.96 and a 1-year high of C$31.64. The stock has a market cap of C$2.58 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of 2.95 and a beta of 1.57.

Canadian Western Bank (TSE:CWB) last announced its earnings results on Friday, March 1st. The company reported C$0.93 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 business had revenue of C$289.99 million during the quarter, compared to analysts’ expectations of C$301.10 million. As a group, equities analysts expect that Canadian Western Bank will post 3.5601057 EPS for the current fiscal year.

Canadian Western Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a $0.34 dividend. 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 payout ratio is 40.61%.

Wall Street Analyst Weigh In

Several research firms have commented on CWB. Desjardins dropped 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. Veritas Investment Research reiterated a “buy” rating on shares of Canadian Western Bank in a research note on Monday, March 4th. Royal Bank of Canada lowered their target price 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. CIBC boosted their target price on shares of Canadian Western Bank from C$32.00 to C$34.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Finally, Scotiabank upgraded shares of Canadian Western Bank from a “sector perform” rating to an “outperform” rating and set a C$32.00 target price for the company in a research note on Tuesday, February 20th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.