Canadian Western Bank (TSE:CWB) – Stock analysts at National Bank Financial decreased their Q3 2019 EPS estimates for shares of Canadian Western Bank in a research report issued to clients and investors on Wednesday, May 29th. National Bank Financial analyst G. Dechaine now expects that the company will post earnings per share of $0.79 for the quarter, down from their previous forecast of $0.81. National Bank Financial has a “Sector Perform” rating and a $30.00 price objective on the stock. National Bank Financial also issued estimates for Canadian Western Bank’s Q4 2019 earnings at $0.79 EPS, FY2019 earnings at $3.13 EPS and FY2020 earnings at $3.30 EPS.
Canadian Western Bank (TSE:CWB) last issued its quarterly earnings results on Thursday, March 7th. The company reported C$0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.78 by C$0.02. The business had revenue of C$212.44 million during the quarter, compared to analyst estimates of C$211.70 million.
A number of other analysts have also issued reports on the company. TD Securities decreased their price target on Canadian Western Bank from C$33.00 to C$32.00 and set a “hold” rating on the stock in a research note on Thursday. CSFB set a C$31.00 price target on Canadian Western Bank and gave the stock a “neutral” rating in a research note on Thursday, May 16th. CIBC decreased their price target on Canadian Western Bank from C$36.00 to C$34.00 in a research note on Friday, March 8th. Royal Bank of Canada lowered Canadian Western Bank from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$38.00 to C$32.00 in a research note on Friday, March 8th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Canadian Western Bank in a research note on Friday, March 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of C$34.27.
Shares of TSE:CWB opened at C$28.33 on Thursday. Canadian Western Bank has a 12-month low of C$24.33 and a 12-month high of C$38.96. The stock has a market capitalization of $2.44 billion and a price-to-earnings ratio of 9.94.
In other news, Senior Officer Darrell Robert Jones sold 1,500 shares of Canadian Western Bank stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of C$29.54, for a total value of C$44,305.50. Following the transaction, the insider now directly owns 17,878 shares of the company’s stock, valued at approximately C$528,062.49.
About Canadian Western Bank
Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, senior, chequing, youth, and student accounts, as well as specialized accounts, including corporate and commercial, organization, strata solution/condo, general trust, and trust fund investment accounts.
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