Canadian Western Bank (TSE:CWB – Get Rating) – Equities researchers at Cormark raised their FY2023 earnings per share estimates for shares of Canadian Western Bank in a research report issued on Tuesday, May 23rd. Cormark analyst L. Persaud now forecasts that the company will post earnings of $3.64 per share for the year, up from their prior estimate of $3.58. The consensus estimate for Canadian Western Bank’s current full-year earnings is $3.60 per share.
Canadian Western Bank (TSE:CWB – Get Rating) last posted its quarterly earnings results on Thursday, March 2nd. The company reported C$1.02 earnings per share for the quarter, topping the consensus estimate of C$0.89 by C$0.13. Canadian Western Bank had a return on equity of 9.18% and a net margin of 32.57%. The business had revenue of C$272.89 million during the quarter, compared to the consensus estimate of C$275.10 million.
Canadian Western Bank Price Performance
CWB stock opened at C$24.42 on Wednesday. Canadian Western Bank has a 1-year low of C$21.21 and a 1-year high of C$33.33. The company has a market capitalization of C$2.35 billion, a price-to-earnings ratio of 7.18, a PEG ratio of 2.95 and a beta of 1.70. The business has a 50 day simple moving average of C$24.22 and a two-hundred day simple moving average of C$25.35.
Canadian Western Bank Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 23rd. Investors of record on Thursday, March 9th were issued a dividend of $0.32 per share. The ex-dividend date was Wednesday, March 8th. This represents a $1.28 annualized dividend and a yield of 5.24%. Canadian Western Bank’s payout ratio is presently 37.65%.
Insider Activity at Canadian Western Bank
In other Canadian Western Bank news, Senior Officer Azfar Karimuddin sold 1,050 shares of the stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of C$24.19, for a total value of C$25,401.50. 0.37% of the stock is currently owned by insiders.
Canadian Western Bank Company Profile
Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, notice, cash management, US dollar, and chequing accounts, as well as organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, and equipment financing and leasing products; agriculture lending products; mortgages; lines of credits; registered retirement savings loans; consolidation, and vehicle loans; and credit cards.
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