Canadian Western Bank (TSE:CWB) Lowered to Hold at Raymond James

Raymond James cut shares of Canadian Western Bank (TSE:CWB) from a moderate buy rating to a hold rating in a research report released on Tuesday, Zacks.com reports. Raymond James also issued estimates for Canadian Western Bank’s Q1 2025 earnings at $0.93 EPS, Q2 2025 earnings at $0.94 EPS, Q3 2025 earnings at $0.97 EPS, Q4 2025 earnings at $0.98 EPS and FY2025 earnings at $3.82 EPS.

A number of other equities research analysts have also recently issued reports on the stock. BMO Capital Markets cut shares of Canadian Western Bank from an outperform rating to a market perform rating and boosted their target price for the company from C$35.00 to C$52.00 in a report on Wednesday, June 12th. Jefferies Financial Group increased their price objective on Canadian Western Bank from C$52.00 to C$57.00 and gave the stock a hold rating in a report on Tuesday. Desjardins lifted their target price on Canadian Western Bank from C$53.00 to C$57.00 and gave the company a buy rating in a report on Tuesday. Cormark upped their price target on Canadian Western Bank from C$46.00 to C$47.00 in a research report on Tuesday. Finally, National Bankshares cut their price objective on shares of Canadian Western Bank from C$37.00 to C$30.00 and set an outperform rating for the company in a research report on Monday, June 3rd. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of C$44.10.

Canadian Western Bank Stock Down 0.1 %

CWB opened at C$51.43 on Tuesday. The firm has a 50-day moving average price of C$46.94 and a 200-day moving average price of C$35.30. Canadian Western Bank has a twelve month low of C$24.66 and a twelve month high of C$52.80. The company has a market capitalization of C$4.97 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 2.95 and a beta of 1.39.

Canadian Western Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.72%. Canadian Western Bank’s dividend payout ratio is 41.67%.

Insiders Place Their Bets

In other Canadian Western Bank news, Senior Officer Trent Albert Erickson purchased 4,312 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were purchased at an average cost of C$41.44 per share, with a total value of C$178,680.66. In related news, Senior Officer Jenny Siman sold 1,000 shares of the stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of C$46.05, for a total transaction of C$46,050.00. Also, Senior Officer Trent Albert Erickson purchased 4,312 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was bought at an average cost of C$41.44 per share, for a total transaction of C$178,680.66. 0.46% of the stock is owned by insiders.

About Canadian Western Bank

Canadian Western Bank provides personal and business banking products and services in Western Canada. The company offers current, savings, US dollar, chequing, flex notice, organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, equipment financing and leasing, aviation financing, and dealership financing products; agriculture lending products and AgriInvest savings account; variable and fixed rate mortgages; line of credit; registered retirement savings plan, consolidation, and vehicle loans; and credit cards.