Shares of Canadian Western Bank (TSE:CWB) have received a consensus rating of “Hold” from the thirteen brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$39.33.
Several research firms have issued reports on CWB. CSFB increased their price objective on shares of Canadian Western Bank from C$37.00 to C$40.00 in a report on Friday, January 19th. Canaccord Genuity increased their price objective on shares of Canadian Western Bank from C$38.00 to C$40.00 in a report on Tuesday, January 16th. Barclays downgraded shares of Canadian Western Bank from an “equal weight” rating to an “underweight” rating in a report on Tuesday, December 19th. Desjardins increased their price objective on shares of Canadian Western Bank from C$35.00 to C$37.00 in a report on Friday, December 8th. Finally, Royal Bank of Canada increased their price objective on shares of Canadian Western Bank from C$36.00 to C$40.00 and gave the company an “outperform” rating in a report on Friday, December 8th.
In other Canadian Western Bank news, insider James Jeffrey Bowling sold 1,500 shares of Canadian Western Bank stock in a transaction dated Monday, December 11th. The shares were sold at an average price of C$38.13, for a total transaction of C$57,195.00. Also, insider Allen David Stephen sold 1,450 shares of Canadian Western Bank stock in a transaction dated Friday, January 19th. The stock was sold at an average price of C$40.52, for a total transaction of C$58,754.00. Over the last three months, insiders sold 5,238 shares of company stock worth $155,949.
Canadian Western Bank (TSE:CWB) last posted its quarterly earnings data on Thursday, December 7th. The company reported C$0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.67 by C$0.07. The business had revenue of C$195.12 million for the quarter, compared to the consensus estimate of C$188.80 million. Canadian Western Bank had a net margin of 33.13% and a return on equity of 11.23%.
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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.
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