Wednesday, 20 February, 2019

$0.71 EPS Expected for Canadian Western Bank (CWB)

$0.71 EPS Expected for Canadian Western Bank (CWB) $0.71 EPS Expected for Canadian Western Bank (CWB)
Nellie Chapman | 24 February, 2018, 12:17

The stock decreased 0.77% or $0.62 during the last trading session, reaching $79.98. This represents a $2.86 annualized dividend and a dividend yield of 3.57%.

Royal Bank of Canada announced that the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions have approved its normal course issuer bid to purchase, for cancellation, up to 30 million of its common shares. The company has a market capitalization of $117,350.57, a price-to-earnings ratio of 13.98, a PEG ratio of 1.34 and a beta of 1.08.

RBC announced revenue of $10.8 billion for the quarter ended January 31, up more than 12 per cent from the same three months of past year. SWS Partners acquired a new stake in Royal Bank of Canada in the fourth quarter valued at $134,000. Canadian Western Bank has a 1-year low of C$23.68 and a 1-year high of C$40.83. Royal Bank Of Canada had 19 analyst reports since August 4, 2015 according to SRatingsIntel. Institutional investors and hedge funds own 41.78% of the company's stock. The Franklin Resources Inc holds 6.94M shares with $537.23M value, up from 6.92 million last quarter. Royal Bank of Canada (NYSE:RY) has risen 16.29% since February 20, 2017 and is uptrending. Royal Bank of Canada's dividend payout ratio (DPR) is now 47.73%. Argus increased their price objective on Royal Bank of Canada to $94.00 and gave the stock a "buy" rating in a research note on Friday, January 5th.

ILLEGAL ACTIVITY NOTICE: "Royal Bank of Canada (NYSE:RY) Rating Increased to Buy at Zacks Investment Research" was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. Canaccord Genuity lifted their price objective on Royal Bank of Canada from C$100.00 to C$105.00 in a research report on Wednesday, November 1st. Asset Advisors Corp purchased a new position in shares of Royal Bank of Canada during the third quarter valued at approximately $178,000.

In other news, insider Allen David Stephen sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 17th. National Bank of Canada (TSE:NA) has 0.00% since February 23, 2017 and is. They noted that the move was a valuation call. As per Friday, May 26, the company rating was maintained by National Bank Canada. Finally, Citigroup lifted their price objective on Royal Bank of Canada from C$118.00 to C$120.00 in a research report on Tuesday, December 12th. The stock of Royal Bank of Canada (NYSE:RY) earned "Buy" rating by TD Securities on Monday, November 21. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd.

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Canadian Western Bank provides personal and business banking services and products primarily in Western Canada. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. It has a 11.67 P/E ratio.