Canadian Western Bank (TSE:CWB – Get Rating) – Research analysts at National Bank Financial raised their Q3 2023 EPS estimates for Canadian Western Bank in a note issued to investors on Wednesday, May 17th. National Bank Financial analyst G. Dechaine now forecasts that the company will post earnings of $0.87 per share for the quarter, up from their prior forecast of $0.86. The consensus estimate for Canadian Western Bank’s current full-year earnings is $3.60 per share. National Bank Financial also issued estimates for Canadian Western Bank’s Q4 2023 earnings at $0.87 EPS.
Other equities research analysts also recently issued research reports about the stock. TD Securities lowered their price objective on shares of Canadian Western Bank from C$34.00 to C$33.00 and set a “buy” rating on the stock in a research note on Friday, March 3rd. Royal Bank of Canada lowered their price target on Canadian Western Bank from C$36.00 to C$35.00 and set a “sector perform” rating for the company in a research note on Friday, March 3rd. Barclays decreased their price objective on Canadian Western Bank from C$29.00 to C$27.00 in a research report on Tuesday, May 9th. Cormark dropped their price objective on Canadian Western Bank from C$30.00 to C$29.00 in a research note on Friday, March 3rd. Finally, Scotiabank lowered their price objective on Canadian Western Bank from C$29.00 to C$28.00 in a research report on Friday, February 17th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$30.08.
Canadian Western Bank Stock Performance
Canadian Western Bank (TSE:CWB – Get Rating) last released its quarterly earnings data on Thursday, March 2nd. The company reported C$1.02 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.89 by C$0.13. The business had revenue of C$272.89 million for the quarter, compared to analysts’ expectations of C$275.10 million. Canadian Western Bank had a net margin of 32.57% and a return on equity of 9.18%.
Canadian Western Bank Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, March 8th. This represents a $1.28 dividend on an annualized basis and a yield of 5.13%. Canadian Western Bank’s dividend payout ratio (DPR) is presently 37.65%.
Insider Activity
In related news, Senior Officer Azfar Karimuddin sold 1,050 shares of the stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of C$24.19, for a total value of C$25,401.50. Insiders own 0.37% of the company’s stock.
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, notice, cash management, US dollar, and chequing accounts, as well as organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, and equipment financing and leasing products; agriculture lending products; mortgages; lines of credits; registered retirement savings loans; consolidation, and vehicle loans; and credit cards.
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