Q2 2018 EPS Estimates for Canadian Western Bank Boosted by Analyst (CWB)

Canadian Western Bank (TSE:CWB) – Equities research analysts at Cormark raised their Q2 2018 EPS estimates for shares of Canadian Western Bank in a note issued to investors on Monday, May 14th. Cormark analyst M. Grauman now forecasts that the company will post earnings of $0.71 per share for the quarter, up from their previous estimate of $0.69.

Canadian Western Bank (TSE:CWB) last posted its quarterly earnings results on Thursday, March 8th. The company reported C$0.75 EPS for the quarter, beating the consensus estimate of C$0.71 by C$0.04. The business had revenue of C$193.22 million during the quarter, compared to analysts’ expectations of C$191.39 million. Canadian Western Bank had a return on equity of 11.23% and a net margin of 33.13%.

Several other analysts have also recently commented on the company. Royal Bank of Canada reduced their price target on Canadian Western Bank from C$40.00 to C$39.00 and set an “outperform” rating for the company in a report on Friday, March 9th. CIBC reduced their price target on Canadian Western Bank from C$42.00 to C$40.00 in a report on Friday, March 9th. TD Securities raised their price target on Canadian Western Bank from C$39.00 to C$40.00 and gave the company a “hold” rating in a report on Friday, March 9th. Barclays raised their price target on Canadian Western Bank from C$36.00 to C$37.00 in a report on Friday, March 9th. Finally, Scotiabank reduced their price target on Canadian Western Bank from C$42.00 to C$41.00 and set an “outperform” rating for the company in a report on Friday, March 9th. One equities 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. The company currently has a consensus rating of “Hold” and a consensus price target of C$38.85.

CWB opened at C$34.80 on Thursday. Canadian Western Bank has a 12 month low of C$23.68 and a 12 month high of C$40.83.

In related news, insider Darrell Robert Jones sold 4,609 shares of the firm’s stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of C$34.33, for a total value of C$158,226.97. Also, Director Robert L. Phillips acquired 860 shares of the company’s stock in a transaction that occurred on Tuesday, April 10th. The stock was purchased at an average cost of C$33.30 per share, with a total value of C$28,638.00.

About Canadian Western Bank

Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, senior, chequing, youth, and student accounts, as well as specialized accounts, including corporate and commercial, organization, strata solution/condo, general trust, and trust fund investment accounts.

Earnings History and Estimates for Canadian Western Bank (TSE:CWB)

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