Canadian Western Bank (TSE:CWB) PT Lowered to C$33.00

Canadian Western Bank (TSE:CWB) had its price objective dropped by research analysts at Desjardins from C$35.00 to C$33.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 21.41% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. Scotiabank upgraded Canadian Western Bank from a “sector perform” rating to an “outperform” rating and set a C$32.00 price objective on the stock in a research report on Tuesday, February 20th. Veritas Investment Research reissued a “buy” rating on shares of Canadian Western Bank in a report on Monday, March 4th. Royal Bank of Canada lowered their target price on shares of Canadian Western Bank from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a report on Monday, March 4th. Finally, CIBC increased their price target on Canadian Western Bank from C$32.00 to C$34.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$33.55.

Canadian Western Bank Trading Up 0.2 %

CWB opened at C$27.18 on Monday. The stock’s fifty day simple moving average is C$27.61 and its 200 day simple moving average is C$28.78. Canadian Western Bank has a 1-year low of C$22.96 and a 1-year high of C$31.64. The stock has a market cap of C$2.62 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 2.95 and a beta of 1.54.

Canadian Western Bank (TSE:CWB) last announced its earnings results on Friday, March 1st. The company reported C$0.93 EPS for the quarter, topping the consensus estimate of C$0.91 by C$0.02. The business had revenue of C$289.99 million during the quarter, compared to the consensus estimate of C$301.10 million. Canadian Western Bank had a net margin of 31.97% and a return on equity of 8.58%. Equities analysts forecast that Canadian Western Bank will post 3.5834464 earnings per share for the current year.

Insider Activity at Canadian Western Bank

In other news, Senior Officer Supriya Anna Maria James sold 4,600 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of C$27.00, for a total value of C$124,203.22. In related news, Senior Officer Supriya Anna Maria James sold 4,600 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of C$27.00, for a total transaction of C$124,203.22. Also, Senior Officer Mark Stafford sold 1,708 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of C$27.94, for a total value of C$47,728.69. 0.32% of the stock is currently owned by insiders.

About Canadian Western Bank

Canadian Western Bank provides personal and business banking products and services in Western Canada. The company offers current, savings, US dollar, chequing, flex notice, organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, equipment financing and leasing, aviation financing, and dealership financing products; agriculture lending products and AgriInvest savings account; variable and fixed rate mortgages; line of credit; registered retirement savings plan, consolidation, and vehicle loans; and credit cards.