National Bank Financial Weighs in on Canadian Western Bank’s Q4 2018 Earnings (CWB)

Canadian Western Bank (TSE:CWB) – Equities researchers at National Bank Financial issued their Q4 2018 EPS estimates for shares of Canadian Western Bank in a research note issued on Monday. National Bank Financial analyst G. Dechaine forecasts that the company will post earnings of $0.76 per share for the quarter. National Bank Financial has a “Sector Perform” rating and a $38.00 price objective on the stock.

Canadian Western Bank (TSE:CWB) last released its quarterly earnings data on Thursday, December 7th. The company reported C$0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.67 by C$0.07. The business had revenue of C$195.12 million for the quarter, compared to analysts’ expectations of C$188.80 million. Canadian Western Bank had a return on equity of 11.23% and a net margin of 33.13%.

A number of other brokerages have also recently weighed in on CWB. CSFB upped their price target on Canadian Western Bank from C$37.00 to C$40.00 in a research report on Friday, January 19th. Canaccord Genuity upped their price target on Canadian Western Bank from C$38.00 to C$40.00 in a research report on Tuesday, January 16th. Barclays cut Canadian Western Bank from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, December 19th. BMO Capital Markets upped their price target on Canadian Western Bank from C$33.00 to C$34.00 and gave the company a “market perform” rating in a research report on Friday, December 8th. Finally, TD Securities upped their price target on Canadian Western Bank from C$38.00 to C$39.00 and gave the company a “hold” rating in a research report on Friday, December 8th. 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 company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of C$39.08.

Shares of Canadian Western Bank (CWB) traded up C$0.43 during trading hours on Thursday, reaching C$37.97. The company’s stock had a trading volume of 50,823 shares, compared to its average volume of 269,049. Canadian Western Bank has a 52-week low of C$23.68 and a 52-week high of C$40.83. The company has a market capitalization of $3,330.00, a PE ratio of 15.61 and a beta of 1.05.

In other news, insider James Jeffrey Bowling sold 1,500 shares of the stock in a transaction on Monday, December 11th. The stock was 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 the stock in a transaction on Friday, January 19th. The stock was sold at an average price of C$40.52, for a total value of C$58,754.00. Insiders have sold 5,238 shares of company stock worth $155,949 in the last 90 days.

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About Canadian Western Bank

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.

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

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