Canadian Western Bank (CWB.TO) (TSE:CWB) Senior Officer Mario Vittorio Furlan sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 6th. The stock was sold at an average price of C$30.11, for a total value of C$180,660.00. Following the completion of the transaction, the insider now owns 17,934 shares of the company’s stock, valued at approximately C$539,992.74.

Shares of TSE CWB opened at C$30.44 on Thursday. The stock’s 50 day moving average price is C$29.39 and its two-hundred day moving average price is C$26.59. Canadian Western Bank has a 52-week low of C$0.03 and a 52-week high of C$34.00. The stock has a market capitalization of C$2.65 billion and a P/E ratio of 10.66.

Canadian Western Bank (CWB.TO) (TSE:CWB) last posted its quarterly earnings results on Friday, December 4th. The company reported C$0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.73 by C$0.02. The firm had revenue of C$236.58 million for the quarter, compared to analyst estimates of C$229.40 million. As a group, research analysts anticipate that Canadian Western Bank will post 3.2600001 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 7th. Shareholders of record on Thursday, December 17th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, December 16th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.81%. Canadian Western Bank (CWB.TO)’s dividend payout ratio (DPR) is 40.27%.

A number of research analysts have recently commented on the stock. CIBC boosted their target price on shares of Canadian Western Bank (CWB.TO) from C$33.00 to C$34.00 and gave the stock a “sector perform” rating in a research report on Monday, December 7th. National Bank Financial boosted their price objective on shares of Canadian Western Bank (CWB.TO) from C$30.00 to C$32.00 and gave the stock a “sector perform” rating in a report on Monday. BMO Capital Markets downgraded Canadian Western Bank (CWB.TO) from an “outperform” rating to a “market perform” rating and lowered their target price for the company from C$36.00 to C$31.00 in a research note on Monday, December 7th. Scotiabank boosted their price target on Canadian Western Bank (CWB.TO) from C$33.00 to C$34.00 in a research note on Wednesday. Finally, Raymond James reduced their price target on Canadian Western Bank (CWB.TO) from C$34.00 to C$33.50 and set an “outperform” rating for the company in a report on Monday, December 7th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of C$30.18.

About Canadian Western Bank (CWB.TO)

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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Insider Buying and Selling by Quarter for Canadian Western Bank (CWB.TO) (TSE:CWB)

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