Canadian Western Bank (TSE:CWB) Reaches New 52-Week High at $27.62

Canadian Western Bank (TSE:CWB) shares reached a new 52-week high on Tuesday . The stock traded as high as C$27.62 and last traded at C$53.36, with a volume of 57206 shares traded. The stock had previously closed at C$53.34.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CWB. Cormark upped their price objective on shares of Canadian Western Bank from C$46.00 to C$47.00 in a report on Tuesday, September 3rd. Scotiabank increased their price objective on Canadian Western Bank from C$30.00 to C$52.00 and gave the company an “outperform” rating in a research report on Tuesday, June 18th. National Bankshares lowered their price objective on shares of Canadian Western Bank from C$37.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. Desjardins upped their target price on shares of Canadian Western Bank from C$53.00 to C$57.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Royal Bank of Canada raised their price target 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. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Canadian Western Bank presently has an average rating of “Moderate Buy” and a consensus price target of C$48.03.

Canadian Western Bank Price Performance

The firm has a market cap of C$5.15 billion, a P/E ratio of 18.18, a PEG ratio of 2.95 and a beta of 1.39. The stock’s 50 day moving average is C$48.39 and its two-hundred day moving average is C$36.63.

Canadian Western Bank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.40 annualized dividend and a dividend yield of 2.63%. Canadian Western Bank’s dividend payout ratio (DPR) is presently 47.78%.

Insider Buying and Selling at Canadian Western Bank

In other news, Senior Officer Jenny Siman sold 1,000 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of C$46.05, for a total value of C$46,050.00. In other news, Senior Officer Jenny Siman sold 1,000 shares of Canadian Western Bank stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of C$46.05, for a total value of C$46,050.00. Also, Senior Officer Trent Albert Erickson sold 3,900 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of C$51.42, for a total value of C$200,538.00. Company 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.