Canadian Western Bank (CWB.TO) (TSE:CWB) – Research analysts at National Bank Financial issued their FY2022 earnings per share (EPS) estimates for shares of Canadian Western Bank (CWB.TO) in a report released on Sunday, January 10th. National Bank Financial analyst G. Dechaine forecasts that the company will post earnings per share of $3.24 for the year. National Bank Financial currently has a “Sector Perform” rating and a $32.00 target price on the stock.
Other research analysts also recently issued reports about the stock. Scotiabank boosted their price objective on shares of Canadian Western Bank (CWB.TO) from C$33.00 to C$34.00 in a research report on Wednesday. Royal Bank of Canada increased their price objective on Canadian Western Bank (CWB.TO) from C$28.00 to C$32.00 and gave the stock a “sector perform” rating in a report on Monday, December 7th. CIBC lifted their price objective on Canadian Western Bank (CWB.TO) from C$33.00 to C$34.00 and gave the company a “sector perform” rating in a research report on Monday, December 7th. BMO Capital Markets lowered Canadian Western Bank (CWB.TO) from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$36.00 to C$31.00 in a research report on Monday, December 7th. Finally, TD Securities lifted their price target on Canadian Western Bank (CWB.TO) from C$33.00 to C$34.00 and gave the company a “buy” rating in a report on Monday, December 7th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$30.18.
Canadian Western Bank (CWB.TO) (TSE:CWB) last posted its quarterly earnings results on Friday, December 4th. The company reported C$0.75 earnings per share for the quarter, beating the consensus estimate of C$0.73 by C$0.02. The business had revenue of C$236.58 million for the quarter, compared to analyst estimates of C$229.40 million.
In other Canadian Western Bank (CWB.TO) news, Director Elizabeth Gay Mitchell bought 4,000 shares of the stock in a transaction on Monday, October 26th. The shares were purchased at an average price of C$25.96 per share, with a total value of C$103,840.00. Following the acquisition, the director now directly owns 25,350 shares of the company’s stock, valued at approximately C$658,086. Also, Senior Officer Mario Vittorio Furlan sold 6,000 shares of Canadian Western Bank (CWB.TO) stock in a transaction that occurred on Wednesday, January 6th. The stock was sold at an average price of C$30.11, for a total value of C$180,660.00. Following the completion of the transaction, the insider now directly owns 17,934 shares in the company, valued at C$539,992.74.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 7th. Stockholders of record on Thursday, December 17th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend was Wednesday, December 16th. Canadian Western Bank (CWB.TO)’s payout ratio is 40.27%.
About Canadian Western Bank (CWB.TO)
Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, and chequing accounts, as well as organization, strata solution/condo, general trust, and trust fund investment accounts. It also offers commercial lending and real estate, and equipment financing and leasing products; loans and mortgages; secured and unsecured lines of credit; registered retirement savings plan; consolidation, vehicle, and recreation vehicle loans; and credit cards.
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