Canadian Imperial Bank of Commerce (NYSE:CM) Hits New 12-Month High Following Dividend Announcement

Shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) hit a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as $100.48 and last traded at $100.5120, with a volume of 422934 shares traded. The stock had previously closed at $98.13.

The newly announced dividend which will be paid on Tuesday, April 28th. Investors of record on Friday, March 27th will be given a $1.07 dividend. The ex-dividend date is Friday, March 27th. This represents a $4.28 annualized dividend and a dividend yield of 4.2%. Canadian Imperial Bank of Commerce’s payout ratio is currently 50.25%.

Wall Street Analyst Weigh In

CM has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a report on Monday, November 3rd. Raymond James Financial initiated coverage on shares of Canadian Imperial Bank of Commerce in a research report on Tuesday, November 25th. They set a “market perform” rating for the company. Barclays upgraded shares of Canadian Imperial Bank of Commerce from an “underweight” rating to an “overweight” rating in a report on Thursday, February 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Canadian Imperial Bank of Commerce in a research note on Wednesday, January 21st. Finally, Zacks Research downgraded Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $107.50.

Canadian Imperial Bank of Commerce Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.04 and a current ratio of 1.04. The company has a fifty day moving average price of $94.05 and a two-hundred day moving average price of $86.12. The company has a market cap of $93.57 billion, a P/E ratio of 14.72, a PEG ratio of 1.35 and a beta of 1.02.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last released its earnings results on Thursday, December 4th. The bank reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.08. The business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.23 billion. Canadian Imperial Bank of Commerce had a return on equity of 15.83% and a net margin of 15.15%.Canadian Imperial Bank of Commerce’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.91 earnings per share. On average, sell-side analysts anticipate that Canadian Imperial Bank of Commerce will post 5.5 earnings per share for the current fiscal year.

Key Stories Impacting Canadian Imperial Bank of Commerce

Here are the key news stories impacting Canadian Imperial Bank of Commerce this week:

• Positive Sentiment: CIBC reported a very strong Q1: adjusted EPS $2.76 vs. consensus $1.74 and revenue of $6.16B (vs. ~$5.53B est.), with revenue up ~15% YoY — results point to broad-based business-line growth and margin strength, a direct catalyst for upward revisions to earnings and valuation. CIBC Q1 press release/slide deck
• Positive Sentiment: The board declared a quarterly common dividend of $1.07 per share (annualized yield ~4.2%) with an ex-dividend/record schedule — supports income investors and signals management confidence in cash flow and capital. (Dividend announcement 2/25)
• Positive Sentiment: Multiple outlets highlight “record revenue” and stronger profit growth across divisions, reinforcing the beat as not one-off but business-wide momentum that can support higher target prices. CIBC earnings top estimates
• Neutral Sentiment: Management’s full earnings presentation is available for review — useful for investors who want detail on segment trends, reserve guidance and capital plans before adjusting models. Q1 earnings call presentation
• Neutral Sentiment: Analyst/press pieces emphasizing CIBC as an attractive dividend stock and reviews of historical returns provide context for income-focused investors but are less likely to move the stock immediately. Why CIBC is a great dividend stock
• Neutral Sentiment: Look-back pieces on 5‑year returns offer long-term performance context but are unlikely to change near-term trading. 5‑year return analysis

Institutional Trading of Canadian Imperial Bank of Commerce

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. acquired a new stake in Canadian Imperial Bank of Commerce during the 3rd quarter valued at $30,000. EFG International AG acquired a new position in shares of Canadian Imperial Bank of Commerce in the fourth quarter valued at $35,000. Toth Financial Advisory Corp bought a new position in shares of Canadian Imperial Bank of Commerce in the third quarter valued at about $32,000. AdvisorNet Financial Inc boosted its holdings in shares of Canadian Imperial Bank of Commerce by 300.0% during the 3rd quarter. AdvisorNet Financial Inc now owns 400 shares of the bank’s stock worth $32,000 after buying an additional 300 shares during the period. Finally, Larson Financial Group LLC grew its stake in Canadian Imperial Bank of Commerce by 119.7% in the 3rd quarter. Larson Financial Group LLC now owns 402 shares of the bank’s stock valued at $32,000 after buying an additional 219 shares during the last quarter. 49.88% of the stock is owned by institutional investors.

About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce (NYSE: CM), commonly known as CIBC, is a major Canadian financial institution headquartered in Toronto. Formed in 1961 through the merger of the Canadian Bank of Commerce and the Imperial Bank of Canada, CIBC is one of Canada’s largest banks and provides a broad range of banking and financial services to retail, small business, commercial and institutional clients.

CIBC’s activities span personal and business banking, wealth management, capital markets and corporate banking.