Canadian Imperial Bank of Commerce (TSE:CM) Senior Officer Shawn Beber Sells 9,065 Shares

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) Senior Officer Shawn Beber sold 9,065 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of C$92.49, for a total value of C$838,382.87.

Shawn Beber also recently made the following trade(s):

• On Friday, June 6th, Shawn Beber sold 9,107 shares of Canadian Imperial Bank of Commerce stock. The shares were sold at an average price of C$94.28, for a total value of C$858,567.89.

Canadian Imperial Bank of Commerce Price Performance

Canadian Imperial Bank of Commerce stock opened at C$93.78 on Thursday. The stock’s 50-day moving average is C$89.19 and its 200-day moving average is C$88.08. The company has a market cap of C$87.74 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 3.03 and a beta of 1.12. Canadian Imperial Bank of Commerce has a 12 month low of C$64.63 and a 12 month high of C$96.45.

Canadian Imperial Bank of Commerce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Monday, July 28th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 4.14%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is 47.55%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Scotiabank raised Canadian Imperial Bank of Commerce to a “strong-buy” rating in a research note on Thursday, May 15th. Royal Bank Of Canada decreased their price objective on Canadian Imperial Bank of Commerce from C$116.00 to C$112.00 and set an “outperform” rating on the stock in a research note on Monday, June 9th. National Bankshares set a C$95.00 price objective on Canadian Imperial Bank of Commerce and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Jefferies Financial Group downgraded Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$100.00 to C$89.00 in a research report on Monday, April 21st. Finally, National Bank Financial downgraded Canadian Imperial Bank of Commerce from an “outperform” rating to a “sector perform” rating in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Canadian Imperial Bank of Commerce currently has a consensus rating of “Moderate Buy” and an average target price of C$95.92.

Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce is Canada’s fifth- largest bank, operating three business segments: retail and business banking, wealth management, and capital markets. It serves approximately 11 million personal banking and business customers, primarily in Canada.