Canadian Western Bank (CWB) Rating Lowered to Underweight at Barclays

Barclays cut shares of Canadian Western Bank (TSE:CWB) from an equal weight rating to an underweight rating in a research note released on Tuesday, December 19th.

A number of other equities research analysts have also issued reports on CWB. Laurentian raised their price target on Canadian Western Bank from C$36.00 to C$39.00 and gave the stock a buy rating in a research note on Monday, October 2nd. Canaccord Genuity lifted their target price on Canadian Western Bank from C$30.00 to C$33.00 in a research report on Tuesday, October 31st. CSFB lifted their target price on Canadian Western Bank from C$34.00 to C$37.00 in a research report on Friday, December 8th. Scotiabank lifted their target price on Canadian Western Bank from C$28.00 to C$30.00 and gave the company a sector perform rating in a research report on Monday, August 21st. Finally, National Bank Financial boosted their price target on Canadian Western Bank from C$35.00 to C$38.00 and gave the stock a sector perform rating in a research report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Canadian Western Bank has an average rating of Hold and a consensus target price of C$38.69.

Shares of Canadian Western Bank (CWB) traded up C$0.33 during mid-day trading on Tuesday, hitting C$38.95. The company had a trading volume of 244,100 shares, compared to its average volume of 287,757. Canadian Western Bank has a 52-week low of C$23.68 and a 52-week high of C$40.10. The company has a market cap of $3,450.00, a price-to-earnings ratio of 16.10 and a beta of 1.15.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Friday, December 15th were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.96 annualized dividend and a yield of 2.46%. Canadian Western Bank’s payout ratio is presently 38.43%.

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

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About Canadian Western Bank

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.

Analyst Recommendations for Canadian Western Bank (TSE:CWB)

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