Canadian Western Bank (TSE:CWB) Expected to Post Q3 2024 Earnings of $0.90 Per Share

Canadian Western Bank (TSE:CWBFree Report) – Equities research analysts at Raymond James lowered their Q3 2024 earnings estimates for Canadian Western Bank in a report released on Monday, June 3rd. Raymond James analyst S. Boland now expects that the company will post earnings per share of $0.90 for the quarter, down from their previous estimate of $0.94. The consensus estimate for Canadian Western Bank’s current full-year earnings is $3.59 per share. Raymond James also issued estimates for Canadian Western Bank’s Q4 2024 earnings at $0.90 EPS, FY2024 earnings at $3.55 EPS, Q1 2025 earnings at $0.94 EPS, Q2 2025 earnings at $0.95 EPS, Q3 2025 earnings at $0.98 EPS, Q4 2025 earnings at $0.99 EPS and FY2025 earnings at $3.87 EPS.

Several other equities research analysts also recently weighed in on the company. CIBC decreased their target price on Canadian Western Bank from C$34.00 to C$30.00 and set a “neutral” rating for the company in a research report on Monday. Veritas Investment Research reaffirmed a “buy” rating on shares of Canadian Western Bank in a research report on Monday, March 4th. National Bankshares reduced their price objective on shares of Canadian Western Bank from C$37.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Monday. Royal Bank of Canada lowered Canadian Western Bank from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$32.00 to C$28.00 in a research report on Monday. Finally, Scotiabank dropped their price target on Canadian Western Bank from C$32.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Monday. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$31.58.

Check Out Our Latest Research Report on CWB

Canadian Western Bank Trading Down 0.6 %

Shares of Canadian Western Bank stock opened at C$25.31 on Thursday. The company has a fifty day moving average price of C$26.90 and a 200 day moving average price of C$28.55. Canadian Western Bank has a twelve month low of C$23.21 and a twelve month high of C$31.64. The stock has a market cap of C$2.44 billion, a price-to-earnings ratio of 7.67, a price-to-earnings-growth ratio of 2.95 and a beta of 1.54.

Canadian Western Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date is Thursday, June 6th. This is a boost from Canadian Western Bank’s previous quarterly dividend of $0.34. Canadian Western Bank’s dividend payout ratio (DPR) is 40.61%.

Insider Activity at Canadian Western Bank

In other news, Senior Officer Mark Stafford sold 1,708 shares of Canadian Western Bank stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of C$27.94, for a total transaction of C$47,728.69. In other Canadian Western Bank news, Senior Officer Supriya Anna Maria James sold 4,600 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of C$27.00, for a total transaction of C$124,203.22. Also, Senior Officer Mark Stafford sold 1,708 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of C$27.94, for a total transaction of C$47,728.69. 0.32% of the stock is currently owned by insiders.

About Canadian Western Bank

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Canadian Western Bank provides personal and business banking products and services in Western Canada. The company offers current, savings, US dollar, chequing, flex notice, organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, equipment financing and leasing, aviation financing, and dealership financing products; agriculture lending products and AgriInvest savings account; variable and fixed rate mortgages; line of credit; registered retirement savings plan, consolidation, and vehicle loans; and credit cards.

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Earnings History and Estimates for Canadian Western Bank (TSE:CWB)

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