Canadian Western Bank (TSE:CWB – Free Report) had its price target boosted by Royal Bank of Canada from C$51.00 to C$52.00 in a research report report published on Tuesday, BayStreet.CA reports. They currently have a sector perform rating on the stock.
Several other research firms have also recently commented on CWB. CIBC cut Canadian Western Bank from a neutral rating to a tender rating and increased their price target for the company from C$30.00 to C$55.80 in a report on Tuesday, June 18th. 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. BMO Capital Markets cut shares of Canadian Western Bank from an outperform rating to a market perform rating and raised their price objective for the stock from C$35.00 to C$52.00 in a research report on Wednesday, June 12th. National Bankshares decreased their target price on shares of Canadian Western Bank from C$37.00 to C$30.00 and set an outperform rating on the stock in a report on Monday, June 3rd. Finally, Jefferies Financial Group raised their price target on shares of Canadian Western Bank from C$28.00 to C$52.00 and gave the stock a hold rating in a report on Thursday, June 13th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of C$48.03.
Check Out Our Latest Stock Analysis on CWB
Canadian Western Bank Stock Down 0.6 %
Canadian Western Bank Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.71%. The ex-dividend date is Thursday, September 12th. Canadian Western Bank’s dividend payout ratio (DPR) is 47.78%.
Insider Activity
In other Canadian Western Bank news, Senior Officer Trent Albert Erickson acquired 4,312 shares of the stock in a transaction on Friday, June 14th. The shares were bought at an average cost of C$41.44 per share, with a total value of C$178,680.66. In related news, Senior Officer Trent Albert Erickson acquired 4,312 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was bought at an average cost of C$41.44 per share, with a total value of C$178,680.66. Also, Senior Officer Jenny Siman sold 1,000 shares of the business’s 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. Corporate insiders own 0.46% of the company’s stock.
About Canadian Western Bank
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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