The Canadian Western Bank (CWB) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

The Canadian Western Bank (CWB) Posts Quarterly  Earnings Results, Beats Estimates By $0.02 EPS

Shares of Canadian Western Bank (TSE CWB) opened at 25.37 on Monday. The company has a market cap of $2.24 billion and a PE ratio of 12.39. The stock’s 50 day moving average price is $26.26 and its 200-day moving average price is $29.02. Canadian Western Bank has a 12-month low of $23.14 and a 12-month high of $32.29.

Canadian Western Bank (TSE:CWB) issued its earnings results on Thursday. The company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02, Yahoo Finance reports. The company had revenue of $172.44 million during the quarter, compared to analyst estimates of $169 million.

In other news, Director Robert L. Phillips acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, March 7th. The shares were purchased at an average cost of C$31.22 per share, with a total value of C$31,220.00. A number of brokerages have commented on CWB. TD Securities decreased their target price on Canadian Western Bank from C$30.00 to C$29.00 and set a “hold” rating for the company in a research note on Friday. Scotiabank decreased their target price on Canadian Western Bank from C$29.00 to C$28.00 and set a “sector perform” rating for the company in a research note on Friday. CIBC upgraded Canadian Western Bank from a “neutral” rating to an “outperform” rating and decreased their target price for the company from C$33.00 to C$30.00 in a research note on Friday. Royal Bank of Canada decreased their target price on Canadian Western Bank from C$30.00 to C$29.00 and set a “sector perform” rating for the company in a research note on Friday. Finally, Barclays PLC restated a “neutral” rating and issued a C$29.00 target price on shares of Canadian Western Bank in a research note on Thursday, April 27th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of C$29.78.

Canadian Western Bank Company Profile 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:CWB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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