The Canadian Western Bank (CWB) to Post FY2017 Earnings of $2.45 Per Share, Cormark Forecasts

The Canadian Western Bank (CWB) to Post FY2017 Earnings of $2.45 Per Share, Cormark Forecasts

Canadian Western Bank (TSE:CWB) – Cormark upped their FY2017 earnings estimates for Canadian Western Bank in a note issued to investors on Friday. Cormark analyst M. Grauman now anticipates that the company will post earnings of $2.45 per share for the year, up from their prior forecast of $2.43. Cormark also issued estimates for Canadian Western Bank’s Q2 2018 earnings at $0.63 EPS, Q3 2018 earnings at $0.69 EPS, Q4 2018 earnings at $0.71 EPS and FY2018 earnings at $2.68 EPS.

CWB has been the subject of a number of other reports. Barclays PLC reaffirmed a “neutral” rating and set a C$29.00 price target on shares of Canadian Western Bank in a research note on Thursday, April 27th. National Bank Financial reaffirmed a “sector perform” rating on shares of Canadian Western Bank in a research note on Monday, February 20th. Desjardins lifted their price target on shares of Canadian Western Bank from C$31.00 to C$32.00 in a research note on Friday, March 3rd. CIBC lifted their price target on shares of Canadian Western Bank from C$32.00 to C$33.00 in a research note on Tuesday, March 7th. Finally, Royal Bank of Canada dropped their price target on shares of Canadian Western Bank from C$32.00 to C$30.00 and set a “sector perform” rating for the company in a research note on Friday, March 3rd. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of C$29.78.

Canadian Western Bank (TSE CWB) opened at 25.37 on Monday. Canadian Western Bank has a 12 month low of $23.14 and a 12 month high of $32.29. The company’s 50-day moving average price is $26.26 and its 200 day moving average price is $29.02. The firm has a market capitalization of $2.24 billion and a PE ratio of 12.39. Canadian Western Bank (TSE:CWB) last issued its quarterly earnings results on Thursday, June 1st. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. The company had revenue of $172.44 million for the quarter, compared to analyst estimates of $169 million.

In related news, Director Robert L. Phillips acquired 1,000 shares of the stock in a transaction on Tuesday, March 7th. The stock was bought at an average cost of C$31.22 per share, with a total value of C$31,220.00. 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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