Niall Boles Sells 1,300 Shares of Canadian Western Bank (TSE:CWB) Stock

Canadian Western Bank (TSE:CWBGet Rating) Senior Officer Niall Boles sold 1,300 shares of the stock in a transaction on Wednesday, April 20th. The stock was sold at an average price of C$34.60, for a total transaction of C$44,975.06. Following the sale, the insider now directly owns 32 shares of the company’s stock, valued at approximately C$1,107.08.

TSE CWB opened at C$33.50 on Friday. The firm has a 50-day moving average of C$36.35 and a 200-day moving average of C$37.63. The stock has a market cap of C$3.02 billion and a PE ratio of 8.84. Canadian Western Bank has a 52-week low of C$32.46 and a 52-week high of C$41.56.

Canadian Western Bank (TSE:CWBGet Rating) last posted its earnings results on Friday, February 25th. The company reported C$0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.95 by C$0.04. The company had revenue of C$265.98 million for the quarter, compared to analyst estimates of C$268.45 million. On average, equities analysts anticipate that Canadian Western Bank will post 4.2500001 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 24th. Investors of record on Thursday, March 10th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Wednesday, March 9th. Canadian Western Bank’s dividend payout ratio is 30.87%.

Several equities research analysts have recently issued reports on the stock. TD Securities increased their price objective on shares of Canadian Western Bank from C$43.00 to C$47.00 in a research report on Tuesday, February 15th. Raymond James increased their target price on shares of Canadian Western Bank from C$41.00 to C$43.00 and gave the stock an “outperform” rating in a report on Monday, February 28th. BMO Capital Markets increased their target price on shares of Canadian Western Bank from C$42.00 to C$42.50 in a report on Monday, February 28th. CIBC cut shares of Canadian Western Bank from an “outperform” rating to a “hold” rating and reduced their target price for the stock from C$45.00 to C$38.00 in a report on Monday, April 11th. Finally, National Bankshares increased their price target on shares of Canadian Western Bank from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 1st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$42.77.

Canadian Western Bank Company Profile (Get Rating)

Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, and chequing accounts, as well as organization, strata solution/condo, general trust, and trust fund investment accounts. It also offers commercial lending and real estate, and equipment financing and leasing products; loans and mortgages; secured and unsecured lines of credit; registered retirement savings plan; consolidation, vehicle, and recreation vehicle loans; and credit cards.

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