The Canadian Western Bank (CWB) Insider Sells C$76350.00 in Stock

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The Canadian Western Bank (CWB) Insider Sells C$76350.00 in Stock

Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock.

Shares of Canadian Western Bank (TSE:CWB) opened at 30.25 on Monday. The stock now has an average rating of Hold and a consensus target price of C$28.65. The correct version of this report can be accessed at Scotiabank reiterated a "sector perform" rating and issued a C$30.00 target price on shares of Canadian Western Bank in a research note on Friday, December 2nd. Desjardins raised their price target on shares of Laurentian Bank of Canada from C$56.00 to C$58.00 in a report on Wednesday, December 21st. Zacks Investment Research downgraded shares of Royal Bank Of Canada from a "hold" rating to a "sell" rating in a research report on Saturday, November 12th. Cohen & Steers Inc. acquired a new position in Royal Bank Of Canada during the second quarter valued at approximately $19,755,000.

"Layered against a sluggish domestic economy underscored by prolonged low oil prices, export pressures, and uncertain USA policies fuelling a more dovish Bank of Canada policy stance, we believe that valuations for the banks are stretched", Aiken said. FMR LLC now owns 31,556,768 shares of the company's stock valued at $2,135,749,000 after buying an additional 2,005,374 shares during the last quarter. The firm has a market cap of $110.33 billion, a PE ratio of 14.35 and a beta of 1.19.

Yesterday Royal Bank Of Canada (TSE:RY) traded 0.29% higher at $97.36. The stock has a 50 day moving average of $30.23 and a 200-day moving average of $27.49.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 1st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date was Friday, December 23rd. If you are reading this news story on another website, it was copied illegally and republished in violation of global trademark & copyright legislation.

Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada and Laurentian Bank of Canada also reached peaks, helping extend the eight-company S&P/TSX Commercial Banks Index's streak of record highs for the fourth straight day. The Bank specializes in mid-market commercial banking, real estate and construction financing, and equipment financing and leasing.

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