Canadian Western Bank (CWB) Hits New 1-Year High at $40.01

Canadian Western Bank (TSE:CWB) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$40.01 and last traded at C$39.28, with a volume of 293012 shares trading hands. The stock had previously closed at C$39.47.

CWB has been the topic of a number of recent research reports. CIBC boosted their target price on Canadian Western Bank from C$33.00 to C$37.00 in a report on Tuesday, October 31st. National Bank Financial boosted their target price on Canadian Western Bank from C$32.00 to C$35.00 and gave the company a “sector perform” rating in a report on Tuesday, October 31st. BMO Capital Markets set a C$33.00 target price on Canadian Western Bank and gave the company a “market perform” rating in a report on Thursday, November 16th. Laurentian Bank of Canada boosted their target price on Canadian Western Bank from C$36.00 to C$39.00 and gave the company a “buy” rating in a report on Monday, October 2nd. Finally, Royal Bank of Canada boosted their target price on Canadian Western Bank from C$36.00 to C$40.00 and gave the company an “outperform” rating in a report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Canadian Western Bank presently has an average rating of “Hold” and an average target price of C$38.69.

The firm has a market capitalization of $3,480.00, a price-to-earnings ratio of 16.26 and a beta of 1.15.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Friday, December 15th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.96 dividend on an annualized basis and a yield of 2.44%. Canadian Western Bank’s payout ratio is 38.43%.

In other Canadian Western Bank news, insider James Jeffrey Bowling sold 1,500 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of C$38.13, for a total transaction of C$57,195.00.

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About Canadian Western Bank

Canadian Western Bank (CWB) is a Canada-based bank engaged in offering a range of financial services. The Bank specializes in mid-market commercial banking, real estate and construction financing, and equipment financing and leasing. The Bank offers financing solutions through CWB Equipment Financing, National Leasing, CWB Maxium Financial, CWB Franchise Finance and CWB Optimum Mortgage, trust services through Canadian Western Trust and wealth advisory services through CWB Wealth Management.

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