Canadian Western Bank (TSE:CWB – Free Report) had its price target hoisted by Desjardins from C$53.00 to C$57.00 in a report released on Tuesday, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.
A number of other analysts have also recently issued reports on the company. Royal Bank of Canada increased their price objective on Canadian Western Bank from C$51.00 to C$52.00 and gave the stock a sector perform rating in a report on Tuesday. CIBC raised their price objective on shares of Canadian Western Bank from C$55.80 to C$60.30 and gave the company a neutral rating in a research report on Tuesday. BMO Capital Markets cut shares of Canadian Western Bank from an outperform rating to a market perform rating and boosted their price objective for the company from C$35.00 to C$52.00 in a research note on Wednesday, June 12th. Jefferies Financial Group increased their target price on shares of Canadian Western Bank from C$52.00 to C$57.00 and gave the stock a hold rating in a research note on Tuesday. Finally, Scotiabank boosted their price target on shares of 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. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of C$48.03.
Canadian Western Bank Price Performance
Canadian Western Bank Dividend Announcement
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 $0.35 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.40 annualized dividend and a yield of 2.71%. Canadian Western Bank’s dividend payout ratio (DPR) is presently 47.78%.
Insider Activity at Canadian Western Bank
In related news, Senior Officer Trent Albert Erickson sold 3,900 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of C$51.42, for a total transaction of C$200,538.00. In other news, Senior Officer Trent Albert Erickson sold 3,900 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of C$51.42, for a total value of C$200,538.00. Also, Senior Officer Jenny Siman sold 1,000 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of C$46.05, for a total transaction of C$46,050.00. 0.46% of the stock is owned by insiders.
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.
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