Canadian Western Bank (TSE: CWB) – Analysts at Raymond James have downgraded their fourth quarter 2021 earnings per share (EPS) estimates for Canadian Western Bank in a research note released on Monday, March 1st. Raymond James analyst S. Boland now predicts the company will earn $ 0.72 per share for the quarter, compared to its previous forecast of $ 0.75. Raymond James currently has a Market Perform rating and a target price of $ 35.50 on the stock. Raymond James also gave estimates for Canadian Western Bank earnings for the first quarter of 2022 at $ 0.81 per share, for the second quarter of 2022 at $ 0.79 per share, for the third quarter of 2022 at $ 0.83 per share, for the fourth Announced at $ 0.81 per share in the first quarter of 2022 and at $ 3.23 per share in the fourth quarter of 22. Canadian Western Bank (TSE: CWB) last released its quarterly results on Friday, December 4th. The company reported earnings of $ 0.75 per share for the quarter, beating analysts’ consensus estimate of $ 0.73 by $ 0.02. The company posted revenue of $ 236.58 million for the quarter, compared to analyst estimates of $ 229.40 million.
CWB has been the subject of a number of other research reports. BMO Capital Markets lowered the shares of Canadian Western Bank from an “Outperform” rating to a “Market Perform” rating and lowered its price target for the company from C $ 36.00 in a report dated Monday, December 7th C $ 31.00. CSFB raised its target price on shares of Canadian Western Bank on Monday in a research note from C $ 32.00 to C $ 36.00. CIBC raised the shares of Canadian Western Bank from a “neutral” rating to an “above average” rating and raised its price target for the company from C $ 34.00 to C $ 38.00 in a research report on Monday. TD Securities raised its target price for Canadian Western Bank from C $ 33.00 to C $ 36.00 in a research report on Monday. Finally, Scotiabank raised its target price for Canadian Western Bank from C $ 34.00 to C $ 36.00 in a report on Monday. Four investment analysts have rated the stock with a hold rating and four with a buy rating. The stock currently has an average “Buy” rating and an average price target of $ 32.36.
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TSE shares: CWB opened Tuesday at $ 32.79. Canadian Western Bank has a 52-week low of $ 15.70 and a 52-week high of $ 33.86. The stock has a market capitalization of $ 2.86 billion and a P / E ratio of 11.48. The company has a fifty day moving average of CAD 29.94 and a two hundred day moving average of CAD 28.15.
In related news, Senior Officer Mario Vittorio Furlan sold 6,000 shares in the company in a transaction dated Wednesday, Jan. 6. The stock was sold at an average price of $ 30.11 for a total transaction of $ 180,660. Upon completion of the transaction, the Insider now directly holds 17,934 shares in the company valued at approximately $ 539,992.74.
Via the Canadian Western Bank
Canadian Western Bank provides retail and commercial banking products and services primarily in western Canada. The company offers checking, savings, cash management, US dollar and checking accounts, as well as organizational, shift / condo, general trust and trust fund investment accounts. It also offers commercial loans and real estate, as well as equipment finance and leasing products. Loans and mortgages; secured and unsecured credit lines; registered retirement plan; Consolidation, vehicle and recreational vehicle loans; and credit cards.
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