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.

Canadian Western Bank Price Performance

Canadian Western Bank stock traded down C$0.11 during midday trading on Monday, reaching C$26.61. The stock had a trading volume of 343,216 shares, compared to its average volume of 343,217. The firm's fifty day simple moving average is C$26.74 and its two-hundred day simple moving average is C$32.52. Canadian Western Bank has a twelve month low of C$24.11 and a twelve month high of C$41.56. The firm has a market cap of C$2.44 billion and a price-to-earnings ratio of 6.96.

Canadian Western Bank (TSE:CWB - Get Rating) last posted its quarterly earnings data on Friday, May 27th. The company reported C$0.84 EPS for the quarter, missing analysts' consensus estimates of C$0.89 by C($0.05). The company had revenue of C$258.76 million for the quarter, compared to analysts' expectations of C$264.90 million. As a group, sell-side analysts predict that Canadian Western Bank will post 3.98 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. CSFB lowered their target price on Canadian Western Bank from C$35.00 to C$33.00 in a research note on Monday, May 30th. Royal Bank of Canada reduced their price objective on Canadian Western Bank from C$44.00 to C$38.00 and set a "sector perform" rating for the company in a report on Monday, May 30th. National Bank Financial raised Canadian Western Bank from a "sector perform market weight" rating to an "outperform market weight" rating in a report on Sunday, May 15th. Scotiabank cut their price target on Canadian Western Bank from C$44.00 to C$37.00 in a report on Monday, May 30th. Finally, Barclays dropped their target price on Canadian Western Bank to C$36.00 and set an "equal weight" rating for the company in a research note on Monday, May 30th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Canadian Western Bank has a consensus rating of "Moderate Buy" and an average target price of C$36.46.

Insider Buying and Selling

In related news, Senior Officer Darrell Robert Jones sold 1,600 shares of the firm's stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of C$25.50, for a total value of C$40,800.00. Following the completion of the transaction, the insider now owns 25,206 shares of the company's stock, valued at approximately C$642,753. In the last 90 days, insiders bought 4,759 shares of company stock valued at $130,586.