Canadian Western Bank (T:CWB)
Business Focus: Banks (NEC)
Mixed as of September 01, 2023
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Insider Filings
Latest 10 SEDI filings for CWB within the last 6 months
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Company News
Sep 01, 2023 07:00 ET
CWB declares dividends in August 2023
EDMONTON, AB, Sept. 1, 2023 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.33 per common share (TSX: CWB), payable on September 28, 2023 to shareholders of record on September 14, 2023. This quarterly dividend is the same as last quarter and is up two cents, or 6%, from the dividend declared one year ago. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5 and $0.375 per Series 9, payable on October 31, 2023 to shareholders of record on October 24, 2023.
Sep 01, 2023 07:00 ET
CWB reports third quarter 2023 financial performance
This news release and accompanying financial highlights are supplementary to CWB's 2023 Third Quarter Report to Shareholders and 2022 Annual Report and should be read in conjunction with those documents.
Valuation Ratios
Industry
Sector
Beta
1.59
--
--
Price to Sales - TTM
2.48
2.26
3.99
Price to Book - most recent quarter
0.81
1.11
1.40
Price to Cash Flow per share - TTM
6.98
9.68
8.51
Price to Free Cash Flow per share - TTM
--
8.57
16.50
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Sep 15, 2023 | 1,358,333 | -85,681 |
| Aug 31, 2023 | 1,444,014 | 129,309 |
| Aug 15, 2023 | 1,314,705 | 1,787 |
Business Summary
| Sector: Financials | Industry: Banks |
Canadian Western Bank is a diversified financial services company. It provides full-service business and personal banking, specialized financing, comprehensive wealth management offerings, and trust services. It offers specialty business banking services for small-and medium-sized companies with a focus on general commercial, equipment financing, construction financing, commercial real estate financing, real estate construction and project financing and equipment financing and leasing. It also provides full-service personal banking options, including chequing and savings accounts, loans, mortgages and investment products. Its banking services include online banking, ATM banking, creditor insurance, resources for seniors and order cheques online. Its CWB Business Advantage Account and CWB Business Unlimited Account offer solutions for day-to-day banking and 24/7 online access. It has its operations in British Columbia, Alberta, Ontario, Saskatchewan, Quebec, Manitoba and others.
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