Canadian Western Bank Forecasted to Post Q1 2020 Earnings of $0.82 Per Share (TSE:CWB)

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Canadian Western Bank (TSE:CWB) – Equities researchers at National Bank Financial dropped their Q1 2020 EPS estimates for Canadian Western Bank in a note issued to investors on Thursday, December 5th. National Bank Financial analyst G. Dechaine now expects that the company will post earnings per share of $0.82 for the quarter, down from their previous forecast of $0.83. National Bank Financial has a “Sector Perform” rating and a $34.00 price objective on the stock. National Bank Financial also issued estimates for Canadian Western Bank’s Q2 2020 earnings at $0.78 EPS, Q3 2020 earnings at $0.83 EPS, FY2020 earnings at $3.24 EPS and FY2021 earnings at $3.43 EPS.

CWB has been the topic of a number of other reports. Canaccord Genuity lowered their price target on shares of Canadian Western Bank from C$36.00 to C$34.00 in a research note on Friday, December 6th. CIBC upped their price target on shares of Canadian Western Bank from C$33.00 to C$38.00 in a research note on Thursday, November 21st. TD Securities increased their price objective on shares of Canadian Western Bank from C$33.00 to C$34.00 and gave the company a “hold” rating in a research note on Friday, August 30th. CSFB increased their price objective on shares of Canadian Western Bank from C$32.00 to C$33.00 in a research note on Friday, September 6th. Finally, Eight Capital increased their price objective on shares of Canadian Western Bank from C$34.00 to C$36.00 in a research note on Wednesday, September 4th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Canadian Western Bank currently has a consensus rating of “Hold” and a consensus target price of C$34.55.

TSE:CWB opened at C$32.28 on Monday. Canadian Western Bank has a fifty-two week low of C$24.33 and a fifty-two week high of C$36.61. The stock has a market cap of $2.83 billion and a PE ratio of 10.80. The firm’s fifty day simple moving average is C$34.43 and its 200-day simple moving average is C$31.56.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th will be paid a $0.28 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.12 dividend on an annualized basis and a yield of 3.47%. Canadian Western Bank’s payout ratio is 36.12%.

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, 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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Earnings History and Estimates for Canadian Western Bank (TSE:CWB)

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