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

Canadian Western Bank (TSE:CWB - Get Free Report) had its target price lowered by equities research analysts at Desjardins from C$35.00 to C$33.00 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Desjardins' price objective indicates a potential upside of 21.64% from the stock's previous close.

Several other research analysts have also recently issued reports on the stock. Scotiabank raised shares of Canadian Western Bank from a "sector perform" rating to an "outperform" rating and set a C$32.00 target price for the company in a report on Tuesday, February 20th. Royal Bank of Canada reduced their price objective on Canadian Western Bank from C$34.00 to C$32.00 and set an "outperform" rating for the company in a research note on Monday, March 4th. CIBC upped their target price on Canadian Western Bank from C$32.00 to C$34.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 14th. Finally, Veritas Investment Research reiterated a "buy" rating on shares of Canadian Western Bank in a research report on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$33.55.

Canadian Western Bank Price Performance

Canadian Western Bank stock traded up C$0.13 during trading hours on Monday, hitting C$27.13. 195,579 shares of the stock traded hands, compared to its average volume of 272,784. 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 capitalization of C$2.62 billion, a price-to-earnings ratio of 8.20, a P/E/G ratio of 2.95 and a beta of 1.54. The firm's 50 day moving average price is C$27.65 and its 200-day moving average price is C$28.79.

Canadian Western Bank (TSE:CWB - Get Free Report) last issued its earnings results on Friday, March 1st. The company reported C$0.93 EPS for the quarter, beating analysts' consensus estimates of C$0.91 by C$0.02. Canadian Western Bank had a return on equity of 8.58% and a net margin of 31.97%. The firm had revenue of C$289.99 million for the quarter, compared to analyst estimates of C$301.10 million. Research analysts forecast that Canadian Western Bank will post 3.5834464 earnings per share for the current fiscal year.

Insider Transactions at Canadian Western Bank

In other Canadian Western Bank news, Senior Officer Supriya Anna Maria James sold 4,600 shares of the stock in a transaction that occurred 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. In other Canadian Western Bank news, Senior Officer Supriya Anna Maria James sold 4,600 shares of Canadian Western Bank stock in a transaction on Tuesday, April 23rd. The shares were 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 stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of C$27.94, for a total transaction of C$47,728.69. Corporate insiders own 0.32% of the company's stock.

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.