Canadian Western Bank (CWB) to Release Earnings on Friday

Canadian Western Bank (TSE:CWB - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Friday, August 30th. Analysts expect the company to announce earnings of C$0.87 per share for the quarter.

Canadian Western Bank (TSE:CWB - Get Free Report) last released its earnings results on Friday, May 31st. The company reported C$0.81 EPS for the quarter, missing the consensus estimate of C$0.86 by C($0.05). The firm had revenue of C$285.92 million during the quarter, compared to analyst estimates of C$290.33 million. Canadian Western Bank had a net margin of 32.29% and a return on equity of 8.66%.

Canadian Western Bank Price Performance

Shares of Canadian Western Bank stock traded up C$0.53 on Friday, hitting C$49.78. 322,376 shares of the company's stock traded hands, compared to its average volume of 365,512. The firm's 50-day moving average price is C$45.55 and its two-hundred day moving average price is C$33.95. The stock has a market capitalization of C$4.81 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 2.95 and a beta of 1.39. Canadian Western Bank has a one year low of C$24.66 and a one year high of C$49.84.

Canadian Western Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were given a dividend of $0.35 per share. This is an increase from Canadian Western Bank's previous quarterly dividend of $0.34. The ex-dividend date was Thursday, June 6th. This represents a $1.40 annualized dividend and a dividend yield of 2.81%. Canadian Western Bank's dividend payout ratio is currently 41.67%.

Insider Transactions at Canadian Western Bank

In other news, Senior Officer Jenny Siman sold 1,000 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of C$46.05, for a total value of C$46,050.00. In related news, Senior Officer Jenny Siman sold 1,000 shares of the firm's stock in a transaction on Monday, July 22nd. The stock was sold at an average price of C$46.05, for a total transaction of C$46,050.00. Also, Senior Officer Trent Albert Erickson bought 4,312 shares of the stock in a transaction on Friday, June 14th. The stock was purchased at an average cost of C$41.44 per share, with a total value of C$178,680.66. 0.46% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on CWB. National Bankshares lowered their target price on Canadian Western Bank from C$37.00 to C$30.00 and set an "outperform" rating on the stock in a research report on Monday, June 3rd. Jefferies Financial Group boosted their target price on shares of Canadian Western Bank from C$28.00 to C$52.00 and gave the stock a "hold" rating in a report on Thursday, June 13th. BMO Capital Markets cut shares of Canadian Western Bank from an "outperform" rating to a "market perform" rating and increased their price target for the company from C$35.00 to C$52.00 in a research note on Wednesday, June 12th. Desjardins boosted their price objective on shares of Canadian Western Bank from C$52.00 to C$53.00 and gave the stock a "buy" rating in a research note on Tuesday, August 6th. Finally, Scotiabank upped their target price on shares of Canadian Western Bank from C$30.00 to C$52.00 and gave the company an "outperform" rating in a report on Tuesday, June 18th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$40.29.

Canadian Western Bank Company Profile

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.