Canadian Western Bank (TSE:CWB - Get Free Report) Senior Officer Mark Stafford sold 1,708 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of C$27.94, for a total value of C$47,728.69.
Canadian Western Bank Price Performance
Canadian Western Bank stock opened at C$27.90 on Wednesday. The stock has a market capitalization of C$2.69 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 2.95 and a beta of 1.57. Canadian Western Bank has a 1-year low of C$22.96 and a 1-year high of C$31.64. The business has a fifty day moving average price of C$28.39 and a 200-day moving average price of C$28.93.
Canadian Western Bank (TSE:CWB - Get Free Report) last posted its quarterly earnings data on Friday, March 1st. The company reported C$0.93 earnings per share for the quarter, topping analysts' consensus estimates of C$0.91 by C$0.02. The firm had revenue of C$289.99 million during the quarter, compared to analysts' expectations of C$301.10 million. Canadian Western Bank had a return on equity of 8.58% and a net margin of 31.97%. On average, equities research analysts anticipate that Canadian Western Bank will post 3.5491699 earnings per share for the current fiscal year.
Canadian Western Bank Dividend Announcement
Have You Seen Elon’s New A.I. Device? (Picture Inside)
From InvestorPlace | Ad
A strange new era for mankind is upon us...
And it's all thanks to Elon Musk's latest creation. Click here to see this strange device you could be wearing some day.
Elon believes A.I. is advancing so fast...
This strange new device to protect us against that A.I. threat...
The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $0.34 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $1.36 dividend on an annualized basis and a yield of 4.87%. Canadian Western Bank's dividend payout ratio (DPR) is 40.61%.
Analyst Ratings Changes
CWB has been the topic of several research analyst reports. CIBC increased their price objective on 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. Scotiabank raised Canadian Western Bank from a "sector perform" rating to an "outperform" rating and set a C$32.00 target price on the stock in a research report on Tuesday, February 20th. National Bankshares increased their target price on Canadian Western Bank from C$34.00 to C$37.00 and gave the company an "outperform" rating in a research report on Wednesday, December 20th. Veritas Investment Research reaffirmed a "buy" rating on shares of Canadian Western Bank in a research report on Monday, March 4th. Finally, Desjardins dropped their target price on Canadian Western Bank from C$37.00 to C$35.00 and set a "buy" rating on the stock in a research report on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$33.73.
Read Our Latest Stock Report on CWB
About Canadian Western Bank
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
