Canadian Western Bank (TSE:CWB – Get Rating) – Research analysts at Cormark increased their Q2 2023 earnings per share estimates for shares of Canadian Western Bank in a research note issued on Tuesday, May 23rd. Cormark analyst L. Persaud now expects that the company will post earnings per share of $0.79 for the quarter, up from their prior estimate of $0.76. The consensus estimate for Canadian Western Bank’s current full-year earnings is $3.60 per share. Cormark also issued estimates for Canadian Western Bank’s FY2024 earnings at $3.76 EPS.
Canadian Western Bank (TSE:CWB – Get Rating) last released its earnings results on Thursday, March 2nd. The company reported C$1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.89 by C$0.13. The firm had revenue of C$272.89 million for the quarter, compared to analyst estimates 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 Stock Up 0.1 %
CWB opened at C$24.42 on Thursday. The firm has a market capitalization of C$2.35 billion, a P/E ratio of 7.18, a price-to-earnings-growth ratio of 2.95 and a beta of 1.70. The stock’s 50 day moving average price is C$24.22 and its two-hundred day moving average price is C$25.35. 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
The company also recently announced a quarterly dividend, which was paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, March 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.24%. Canadian Western Bank’s payout ratio is currently 37.65%.
Insider Transactions at Canadian Western Bank
In other news, Senior Officer Azfar Karimuddin sold 1,050 shares of the business’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of C$24.19, for a total transaction of C$25,401.50. 0.37% of the stock is currently owned by corporate insiders.
About Canadian Western Bank
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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