Supriya Anna Maria James Sells 4,600 Shares of Canadian Western Bank (TSE:CWB) Stock

Canadian Western Bank (TSE:CWB) Senior Officer Supriya Anna Maria James sold 4,600 shares of the firm’s stock in a transaction dated 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 Stock Down 0.5 %

Shares of CWB stock traded down C$0.14 during trading hours on Thursday, hitting C$26.70. 73,417 shares of the company’s stock were exchanged, compared to its average volume of 279,617. The firm has a 50 day moving average of C$27.93 and a two-hundred day moving average of C$28.84. Canadian Western Bank has a fifty-two week low of C$22.96 and a fifty-two week high of C$31.64. The firm has a market cap of C$2.58 billion, a P/E ratio of 8.13, a P/E/G ratio of 2.95 and a beta of 1.57.

Canadian Western Bank (TSE:CWB) last posted its quarterly earnings data on Friday, March 1st. The company reported C$0.93 EPS for the quarter, beating the consensus estimate of C$0.91 by C$0.02. Canadian Western Bank had a return on equity of 8.58% and a net margin of 31.97%. The firm had revenue of C$289.99 million during the quarter, compared to the consensus estimate of C$301.10 million. On average, equities analysts forecast that Canadian Western Bank will post 3.5601057 earnings per share for the current fiscal year.

Canadian Western Bank Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CWB shares. 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. Scotiabank raised shares of Canadian Western Bank from a “sector perform” rating to an “outperform” rating and set a C$32.00 price target on the stock in a report on Tuesday, February 20th. Royal Bank of Canada dropped their price target on Canadian Western Bank from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a research note on Monday, March 4th. CIBC boosted their price target on Canadian Western Bank from C$32.00 to C$34.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Finally, Veritas Investment Research reissued a “buy” rating on shares of Canadian Western Bank in a report on Monday, March 4th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$33.73.

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.