Canadian Western Bank Receives Consensus Rating of “Hold” from Analysts (TSE:CWB)
Shares of Canadian Western Bank (TSE:CWB) have received an average rating of “Hold” from the twelve brokerages that are currently covering the company, Stock Ratings Network.com reports. Six investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$38.67.
Canadian Western Bank (TSE:CWB) traded up 1.00% during mid-day trading on Friday, hitting $38.42. 45,221 shares of the company’s stock traded hands. Canadian Western Bank has a 52 week low of $27.04 and a 52 week high of $39.05. The stock’s 50-day moving average is $37.28 and its 200-day moving average is $36.8. The company has a market cap of $3.070 billion and a P/E ratio of 15.59.
Canadian Western Bank (TSE:CWB) last announced its earnings results on Friday, June 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.04. On average, analysts predict that Canadian Western Bank will post $2.67 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 26th. Investors of record on Monday, June 16th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Thursday, June 12th.
A number of analysts have recently weighed in on CWB shares. Analysts at National Bank Financial raised their price target on shares of Canadian Western Bank from C$40.00 to C$42.00 in a research note on Friday. Separately, analysts at CSFB raised their price target on shares of Canadian Western Bank from C$35.00 to C$37.00 in a research note on Monday, March 17th. They now have a “neutral” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Canadian Western Bank from C$35.00 to C$37.00 in a research note on Monday, March 17th. They now have a “neutral” rating on the stock.
Canadian Western Bank (TSE:CWB) is a bank offering a range of financial services.
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