Q2 2018 EPS Estimates for Canadian Western Bank (CWB) Increased by Cormark

Canadian Western Bank (TSE:CWB) – Investment analysts at Cormark upped their Q2 2018 earnings estimates for Canadian Western Bank in a research report issued on Monday, May 14th. Cormark analyst M. Grauman now expects that the company will post earnings per share of $0.71 for the quarter, up from their previous forecast of $0.69.

Other analysts have also recently issued research reports about the company. Barclays increased their target price on Canadian Western Bank from C$36.00 to C$37.00 in a report on Friday, March 9th. CIBC decreased their target price on Canadian Western Bank from C$42.00 to C$40.00 in a report on Friday, March 9th. CSFB increased their target price on Canadian Western Bank from C$37.00 to C$40.00 in a report on Friday, January 19th. TD Securities increased their target price on Canadian Western Bank from C$39.00 to C$40.00 and gave the stock a “hold” rating in a report on Friday, March 9th. Finally, Scotiabank decreased their target price on Canadian Western Bank from C$42.00 to C$41.00 and set an “outperform” rating on the stock in a report on Friday, March 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of C$38.85.

Shares of CWB stock opened at C$34.60 on Thursday. Canadian Western Bank has a 52 week low of C$23.68 and a 52 week high of C$40.83.

Canadian Western Bank (TSE:CWB) last issued its earnings results on Thursday, March 8th. The company reported C$0.75 EPS for the quarter, beating analysts’ consensus estimates of C$0.71 by C$0.04. The business had revenue of C$193.22 million during the quarter, compared to analyst estimates of C$191.39 million. Canadian Western Bank had a return on equity of 11.23% and a net margin of 33.13%.

In other news, Director Margaret Jean Mulligan purchased 800 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were acquired at an average price of C$35.72 per share, for a total transaction of C$28,576.00. Also, insider Darrell Robert Jones sold 4,609 shares of the firm’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of C$34.33, for a total value of C$158,226.97.

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, 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.

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

Receive News & Ratings for Canadian Western Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Western Bank and related companies with MarketBeat.com's FREE daily email newsletter.



Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit