Canadian Western Bank (TSE:CWB) PT Lowered to C$33.00 at Desjardins

Canadian Western Bank (TSE:CWB) had its price objective reduced by Desjardins from C$35.00 to C$33.00 in a report published on Monday, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities analysts have also weighed in on the company. Veritas Investment Research restated a buy rating on shares of Canadian Western Bank in a report on Monday, March 4th. CIBC raised their price objective on Canadian Western Bank from C$32.00 to C$34.00 and gave the company 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 for the company in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada lowered their price target on Canadian Western Bank from C$34.00 to C$32.00 and set an outperform rating on the stock in a report on Monday, March 4th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of C$33.55.

Canadian Western Bank Stock Performance

Shares of CWB opened at C$27.29 on Monday. The firm has a market cap of C$2.63 billion, a PE ratio of 8.27, a PEG ratio of 2.95 and a beta of 1.54. The firm’s 50 day moving average price is C$27.53 and its 200 day moving average price is C$28.77. Canadian Western Bank has a twelve month low of C$22.96 and a twelve month high of C$31.64.

Canadian Western Bank (TSE:CWB) last announced its quarterly earnings results on Friday, March 1st. The company reported C$0.93 EPS for the quarter, topping the consensus estimate of C$0.91 by C$0.02. Canadian Western Bank had a net margin of 31.97% and a return on equity of 8.58%. The company had revenue of C$289.99 million for the quarter, compared to analyst estimates of C$301.10 million. On average, sell-side analysts anticipate that Canadian Western Bank will post 3.5834464 earnings per share for the current fiscal year.

Canadian Western Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend was Wednesday, March 6th. Canadian Western Bank’s dividend payout ratio (DPR) is presently 40.61%.

Insider Transactions at Canadian Western Bank

In related news, Senior Officer Supriya Anna Maria James sold 4,600 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of C$27.00, for a total transaction of C$124,203.22. In related news, Senior Officer Supriya Anna Maria James sold 4,600 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of C$27.00, for a total value of C$124,203.22. Also, Senior Officer Mark Stafford sold 1,708 shares of Canadian Western Bank stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of C$27.94, for a total transaction of C$47,728.69. Insiders own 0.32% 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.