Canadian Western Bank (TSE:CWB) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, August 31st. Analysts expect Canadian Western Bank to post earnings of $0.62 per share for the quarter.

Canadian Western Bank (TSE:CWB) last posted its quarterly earnings results on Thursday, June 1st. The company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The company had revenue of $172.44 million for the quarter, compared to the consensus estimate of $169 million. Canadian Western Bank had a return on equity of 9.00% and a net margin of 29.86%.

Canadian Western Bank (CWB) opened at 28.24 on Tuesday. The firm has a market cap of $2.49 billion and a P/E ratio of 12.90. Canadian Western Bank has a 1-year low of $23.68 and a 1-year high of $32.29. The stock has a 50 day moving average price of $28.11 and a 200-day moving average price of $27.94.

Several equities research analysts have recently commented on CWB shares. Barclays PLC raised their target price on shares of Canadian Western Bank from C$28.00 to C$30.00 in a research report on Friday, August 11th. TD Securities dropped their target price on shares of Canadian Western Bank from C$30.00 to C$29.00 and set a “hold” rating for the company in a research report on Friday, June 2nd. CIBC raised shares of Canadian Western Bank from a “neutral” rating to an “outperform” rating and dropped their target price for the stock from C$33.00 to C$30.00 in a research report on Friday, June 2nd. Scotiabank raised their target price on shares of Canadian Western Bank from C$28.00 to C$30.00 and gave the stock a “sector perform” rating in a research report on Monday, August 21st. Finally, Royal Bank Of Canada dropped their target price on shares of Canadian Western Bank from C$30.00 to C$29.00 and set a “sector perform” rating for the company in a research report on Friday, June 2nd. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Canadian Western Bank presently has an average rating of “Hold” and an average target price of C$30.08.

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About Canadian Western Bank

Canadian Western Bank (CWB) is a Canada-based bank engaged in offering a range of financial services. The Bank specializes in mid-market commercial banking, real estate and construction financing, and equipment financing and leasing. The Bank offers financing solutions through CWB Equipment Financing, National Leasing, CWB Maxium Financial, CWB Franchise Finance and CWB Optimum Mortgage, trust services through Canadian Western Trust and wealth advisory services through CWB Wealth Management.

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