Canadian Western Bank (TSE: CWB) Given the average “buy” recommendation by brokerage firms

The Canadian Western Bank (TSE: CWB) has received a consensus rating of “Buy” by the thirteen rating companies that cover the stock, Marketbeat reports. Three research analysts rated the stock with a keep recommendation and five gave the company a buy recommendation. The one-year average price target among analysts who hedged the stock in the past year is C $ 41.92.

A number of research companies have recently published reports on IBC. National Bank Financial increased its price target on Canadian Western Bank from C $ 40.00 to C $ 41.00 and assigned the stock a “sector performance” rating in a report released on Monday August 30th. BMO Capital Markets Upgraded Canadian Western Bank from a “Market Yield” to a “Buy” Rating and Set a Price Target of Cdn $ 41.00 for the Company in a Published Research Report Friday December 3. Credit Suisse Group raised its price target on Canadian Western Bank to C $ 45 and gave the company a “sector performance” rating in a research report released on Wednesday, September 1. TD Securities reduced its price target on Canadian Western Bank from C $ 44.00 to C $ 43.00 and established a “buy” rating for the company in a research report published on Monday, December 6. Finally, Scotiabank lowered its price target on Canadian Western Bank from C $ 48.00 to C $ 45 in a research report published on Monday, December 6.

In other news from the Canadian Western Bank, senior executive Michael Glen Eastwood sold 5,000 shares of the company in a trade on Monday, October 18. The stock was sold for an average price of C $ 39.18, for a total trade of C $ 195,915.00. As a result of the transaction, the insider now owns 9,860 shares of the company, valued at approximately C $ 386,344.38. Additionally, senior officer Patrick Gallagher sold 1,930 company shares in a trade on Wednesday, October 13. The stock was sold for an average price of C $ 38.57, for a total value of C $ 74,440.10. As a result of the transaction, the insider now owns 4,140 shares of the company, valued at approximately CA $ 159,679.80. During the last quarter, insiders sold 10,205 shares of the company valued at $ 399,755.

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EST: CCB open at CA $ 36.00 on Mondays. The company has a market capitalization of 3.22 billion Canadian dollars and a PE ratio of 9.65. The Canadian Western Bank has a 52-week low of C $ 28.12 and a 52-week high of C $ 41.56. The stock has a 50-day simple moving average of C $ 38.45 and a 200-day simple moving average of C $ 36.42.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 6. Shareholders of record on Thursday, December 16 will receive a dividend of $ 0.30 per share. The ex-dividend date for this dividend is Wednesday, December 15. This represents a dividend of $ 1.20 on an annualized basis and a dividend yield of 3.33%. This is a positive change from the previous quarterly dividend of $ 0.29 from Canadian Western Bank. Canadian Western Bank’s dividend payout ratio (DPR) is 31.10%.

About the Canadian Western Bank

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

Further Reading: Investing in Growth Stocks

Analyst Recommendations for Canadian Western Bank (TSE: CWB)

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