Canadian Western Bank (CWB) Expected to Earn Q2 2018 Earnings of $0.69 Per Share
Canadian Western Bank (TSE:CWB) – Equities research analysts at Cormark reduced their Q2 2018 earnings per share estimates for Canadian Western Bank in a research report issued on Friday. Cormark analyst M. Grauman now expects that the company will post earnings per share of $0.69 for the quarter, down from their prior estimate of $0.70. Cormark also issued estimates for Canadian Western Bank’s Q1 2019 earnings at $0.81 EPS and Q3 2019 earnings at $0.84 EPS.
Other equities research analysts have also issued reports about the company. CSFB upped their price objective on Canadian Western Bank from C$34.00 to C$37.00 in a research note on Friday, December 8th. TD Securities upped their price objective on Canadian Western Bank from C$39.00 to C$40.00 and gave the stock a “hold” rating in a research note on Friday, March 9th. National Bank Financial upped their price objective on Canadian Western Bank from C$35.00 to C$38.00 and gave the stock a “sector perform” rating in a research note on Friday, December 8th. Canaccord Genuity upped their price objective on Canadian Western Bank from C$35.00 to C$38.00 and gave the stock a “hold” rating in a research note on Friday, December 8th. Finally, CIBC reduced their price objective on Canadian Western Bank from C$42.00 to C$40.00 in a research note on Friday, March 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. Canadian Western Bank has a consensus rating of “Hold” and a consensus price target of C$38.85.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Thursday, March 15th. This is a positive change from Canadian Western Bank’s previous quarterly dividend of $0.24. Canadian Western Bank’s dividend payout ratio is presently 36.86%.
In other Canadian Western Bank news, insider Allen David Stephen sold 1,000 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of C$40.00, for a total value of C$40,000.00. Also, Director Margaret Jean Mulligan purchased 800 shares of the business’s stock in a transaction on Monday, March 12th. The stock was acquired at an average price of C$35.72 per share, with a total value of C$28,576.00. Insiders sold a total of 3,738 shares of company stock valued at $98,754 in the last quarter.
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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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