Canadian Western Bank (CWB) To Go Ex-Dividend on December 16th

Marco Green
December 9, 2019

Royal Bank of Canada stock opened at C$104.99 on Thursday. Finally, Eight Capital increased their price objective on Canadian Western Bank from C$34.00 to C$36.00 in a research report on Wednesday, September 4th. Canadian Imperial Bank of Commerce has a 12 month low of $72.96 and a 12 month high of $87.62. National Bank Financial lowered their target price on Canadian Imperial Bank of Commerce from C$114.00 to C$110.00 and set a "sector perform" rating on the stock in a report on Friday. The business had revenue of $18.41 billion for the quarter, compared to analysts' expectations of $18.45 billion. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $100.00. The firm's 50 day moving average price is C$113.68 and its two-hundred day moving average price is C$106.77. The business's revenue was up 4.7% on a year-over-year basis. The company had a trading volume of 1,042,418 shares, compared to its average volume of 776,831. Haywood Securities raised their target price on TECSYS from C$18.00 to C$22.25 in a report on Friday. This is a boost from Royal Bank of Canada's previous quarterly dividend of $0.76. The company has a market capitalization of $1.94 billion and a PE ratio of 10.90.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, January 27th will be given a dividend of $1.05 per share. This represents a $3.16 annualized dividend and a dividend yield of 3.99%. (DAL) Way More Than These Stocks - Yahoo Finance" published on November 30, 2019 as well as Seekingalpha.com's news article titled: "Lanny's October Dividend Income Summary - Seeking Alpha" with publication date: "November 11, 2019. Royal Bank of Canada's dividend payout ratio is 46.43%. Following the transaction, the insider now owns 16,130 shares of the company's stock, valued at approximately C$532,112.57. InfoTrie also gave news headlines about the company an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future.

Several institutional investors have recently added to or reduced their stakes in the company. Coastal Capital Group Inc. purchased a new position in shares of Royal Bank of Canada during the second quarter worth about $28,000. Renaissance Technologies LLC now owns 3,129,200 shares of the retailer's stock valued at $271,020,000 after purchasing an additional 2,690,600 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Royal Bank of Canada by 140.0% during the third quarter. Scheer Rowlett & Associates Investment Management Ltd sold 156,438 shares as the company's stock rose 4.29%. Institutional investors and hedge funds own 44.29% of the company's stock. The company offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and registered retirement savings plans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance solutions.

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