Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) Director Barry Lee Zubrow bought 1,500 shares of the stock in a transaction dated Monday, December 3rd. The stock was bought at an average price of C$84.76 per share, for a total transaction of C$127,140.00.

Shares of CM stock opened at C$109.65 on Thursday. Canadian Imperial Bank of Commerce has a 12-month low of C$109.05 and a 12-month high of C$125.21.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 28th. Shareholders of record on Friday, December 28th will be given a dividend of $1.36 per share. The ex-dividend date of this dividend is Thursday, December 27th. This represents a $5.44 dividend on an annualized basis and a yield of 4.96%. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 45.67%.

A number of analysts have recently commented on the company. National Bank Financial lowered their target price on Canadian Imperial Bank of Commerce from C$127.00 to C$122.00 and set a “sector perform” rating on the stock in a research note on Friday, November 30th. TD Securities upped their target price on Canadian Imperial Bank of Commerce from C$140.00 to C$145.00 and gave the stock a “buy” rating in a research note on Thursday, August 23rd. BMO Capital Markets lowered their target price on Canadian Imperial Bank of Commerce from C$135.00 to C$130.00 in a research note on Friday, November 30th. Canaccord Genuity lowered their target price on Canadian Imperial Bank of Commerce from C$133.00 to C$124.00 in a research note on Thursday, November 22nd. Finally, Eight Capital lowered their target price on Canadian Imperial Bank of Commerce from C$132.00 to C$131.00 in a research note on Friday, November 30th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$130.82.

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Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to individual, small business, commercial, corporate, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S.

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