Canadian Western Bank - CWB Stock Forecast, Price & News

Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, and chequing accounts, as well as organization, strata solution/condo, general trust, and trust fund investment accounts. It also offers commercial lending and real estate, and equipment financing and leasing products; loans and mortgages; secured and unsecured lines of credit; registered retirement savings plan; consolidation, vehicle, and recreation vehicle loans; and credit cards. In addition, the company offers cash management services; life and disability insurance products; and ATM, mobile, and online banking services, as well cheque order services. Further, it provides investment products comprising guaranteed investment certificates, registered retirement income funds, tax-free savings accounts, registered education savings plans, and mutual funds, as well as personal and business planning services. Canadian Western Bank was founded in 1984 and is headquartered in Edmonton, Canada.

Analysts Set New Price Targets

A number of research analysts have recently commented on CWB shares. Scotiabank lowered their price objective on Canadian Western Bank from C$44.00 to C$37.00 in a report on Monday, May 30th. TD Securities lowered their target price on Canadian Western Bank from C$42.00 to C$39.00 in a report on Monday, May 30th. Royal Bank of Canada lowered their target price on Canadian Western Bank from C$44.00 to C$38.00 and set a "sector perform" rating on the stock in a report on Monday, May 30th. CSFB lowered their target price on Canadian Western Bank from C$35.00 to C$33.00 in a report on Monday, May 30th. Finally, CIBC lowered their target price on Canadian Western Bank from C$32.00 to C$30.00 in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$35.96.

Canadian Western Bank Stock Up 0.7 %

Shares of CWB Stock traded up C$0.21 during mid-day trading on Tuesday, reaching C$28.22. The stock had a trading volume of 158,020 shares, compared to its average volume of 340,866. The firm has a market cap of C$2.58 billion and a PE ratio of 7.45. Canadian Western Bank has a one year low of C$24.11 and a one year high of C$41.56. The firm's 50 day simple moving average is C$26.36 and its 200 day simple moving average is C$32.04.

Canadian Western Bank (TSE:CWB - Get Rating) last posted its earnings results on Friday, May 27th. The company reported C$0.84 EPS for the quarter, missing the consensus estimate of C$0.89 by C($0.05). The company had revenue of C$258.76 million during the quarter, compared to analyst estimates of C$264.90 million. Sell-side analysts forecast that Canadian Western Bank will post 3.9799998 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Darrell Robert Jones bought 3,584 shares of the business's stock in a transaction that occurred on Wednesday, June 15th. The stock was acquired at an average price of C$27.90 per share, for a total transaction of C$99,993.60. Following the transaction, the insider now directly owns 26,806 shares of the company's stock, valued at C$747,887.40. Insiders purchased 4,759 shares of company stock worth $130,586 in the last 90 days.