Q4 2018 EPS Estimates for Canadian Western Bank Raised by Cormark (CWB)
Canadian Western Bank (TSE:CWB) – Analysts at Cormark raised their Q4 2018 earnings per share (EPS) estimates for Canadian Western Bank in a research report issued to clients and investors on Friday, August 31st. Cormark analyst M. Grauman now forecasts that the company will post earnings per share of $0.80 for the quarter, up from their previous forecast of $0.79. Cormark also issued estimates for Canadian Western Bank’s Q1 2019 earnings at $0.79 EPS, Q2 2019 earnings at $0.77 EPS, Q4 2019 earnings at $0.89 EPS and FY2019 earnings at $3.31 EPS.
Canadian Western Bank (TSE:CWB) last released its quarterly earnings data on Thursday, August 30th. The company reported C$0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.77 by C($0.02). Canadian Western Bank had a return on equity of 11.23% and a net margin of 33.13%. The business had revenue of C$204.99 million for the quarter, compared to analyst estimates of C$205.70 million.
CWB opened at C$35.32 on Monday. Canadian Western Bank has a 1-year low of C$29.54 and a 1-year high of C$40.83.
In related news, insider James Jeffrey Bowling sold 1,500 shares of the stock in a transaction dated Monday, June 11th. The shares were sold at an average price of C$37.20, for a total transaction of C$55,800.00. Also, insider Michael Glen Eastwood sold 1,000 shares of the stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of C$36.35, for a total transaction of C$36,350.00. In the last quarter, insiders sold 3,338 shares of company stock valued at $121,230.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.94%. This is an increase from Canadian Western Bank’s previous quarterly dividend of $0.25.
About Canadian Western Bank
Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, senior, chequing, youth, and student accounts, as well as specialized accounts, including corporate and commercial, organization, strata solution/condo, general trust, and trust fund investment accounts.
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