Canadian Western Bank (CWB) Sets New 52-Week High at $39.29

Shares of Canadian Western Bank (TSE:CWB) reached a new 52-week high on Wednesday . The stock traded as high as C$39.29 and last traded at C$38.43, with a volume of 137814 shares trading hands. The stock had previously closed at C$38.43.

CWB has been the topic of several research analyst reports. CIBC raised their price objective on Canadian Western Bank from C$33.00 to C$37.00 in a research note on Tuesday, October 31st. Canaccord Genuity increased their target price on Canadian Western Bank from C$29.00 to C$30.00 in a research report on Friday, September 1st. Barclays increased their target price on Canadian Western Bank from C$31.00 to C$33.00 in a research report on Tuesday, November 14th. Desjardins increased their target price on Canadian Western Bank from C$35.00 to C$37.00 in a research report on Friday, December 8th. Finally, CSFB increased their target price on Canadian Western Bank from C$34.00 to C$37.00 in a research report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of C$38.69.

The firm has a market capitalization of $3,400.00, a PE ratio of 15.88 and a beta of 1.15.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.50%. Canadian Western Bank’s dividend payout ratio (DPR) is 38.43%.

In other news, insider James Jeffrey Bowling sold 1,500 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of C$38.13, for a total transaction of C$57,195.00.

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Canadian Western Bank Company Profile

Canadian Western Bank (CWB) is a Canada-based bank engaged in offering a range of financial services. The Bank specializes in mid-market commercial banking, real estate and construction financing, and equipment financing and leasing. The Bank offers financing solutions through CWB Equipment Financing, National Leasing, CWB Maxium Financial, CWB Franchise Finance and CWB Optimum Mortgage, trust services through Canadian Western Trust and wealth advisory services through CWB Wealth Management.

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