Canadian Western Bank (TSE:CWB – Get Rating) will announce its earnings results before the market opens on Friday, May 26th. Analysts expect the company to announce earnings of C$0.77 per share for the quarter.
Canadian Western Bank (TSE:CWB – Get Rating) last issued its quarterly earnings results on Thursday, March 2nd. The company reported C$1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.89 by C$0.13. The business had revenue of C$272.89 million for the quarter, compared to the consensus estimate of C$275.10 million. Canadian Western Bank had a return on equity of 9.18% and a net margin of 32.57%.
Canadian Western Bank Trading Up 0.4 %
Shares of CWB stock opened at C$25.08 on Wednesday. The business’s fifty day simple moving average is C$24.20 and its 200-day simple moving average is C$25.37. The company has a market cap of C$2.41 billion, a PE ratio of 7.38, a PEG ratio of 2.95 and a beta of 1.70. Canadian Western Bank has a 12-month low of C$21.21 and a 12-month high of C$33.33.
Canadian Western Bank Announces Dividend
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. TD Securities cut their target price on Canadian Western Bank from C$34.00 to C$33.00 and set a “buy” rating on the stock in a research report on Friday, March 3rd. Scotiabank cut their target price on Canadian Western Bank from C$29.00 to C$28.00 in a research report on Friday, February 17th. Royal Bank of Canada cut their target price on Canadian Western Bank from C$36.00 to C$35.00 and set a “sector perform” rating on the stock in a research report on Friday, March 3rd. CIBC cut their target price on Canadian Western Bank from C$30.00 to C$28.00 in a research report on Tuesday, May 16th. Finally, Barclays cut their target price on Canadian Western Bank from C$29.00 to C$27.00 in a research report on Tuesday, May 9th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$30.08.
Insider Transactions at Canadian Western Bank
In other news, Senior Officer Azfar Karimuddin sold 1,050 shares of the stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of C$24.19, for a total transaction of C$25,401.50. Corporate insiders own 0.37% of the company’s stock.
Canadian Western Bank Company Profile
Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, notice, cash management, US dollar, and chequing accounts, as well as organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, and equipment financing and leasing products; agriculture lending products; mortgages; lines of credits; registered retirement savings loans; consolidation, and vehicle loans; and credit cards.
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