Buy, Sell or Hold: Canadian Western Bank (CWB-T) — Stock Predictions at Stockchase

Home Daily Stock Opinions and Ratings Canadian Western Bank (CWB-T)

TSE:CWB

25.50

0.34 (1.32%) 1d

Unspecified

He respects the company - it is a trail blazer in new sectors and financing so there is more opportunity. There is good economic pickup and retail business development in the West especially the Prairie provinces, Alberta and Saskatchewan. It is more volatile than the big banks.

banks

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SELL

It's fallen below his lowest level of resistance. Market is questioning its balance sheet. Not a good omen for the province of Alberta, as it signals most of the lending is not in this geography.

banks

DON'T BUY

Banks don't have return on invested capital that prefers. Excess capital that can be re-invested not there. Majority of free cash flow paid out in dividends. Would prefer other options in under valued tech sector.

banks

BUY on WEAKNESS

Recent selloff in shares of the company. Prefers large Canadian banks. Good buy for value investors. Wait to see bottom of market before buying.

banks

DON'T BUY

CWB vs. NA Between these and the Big 5, he'd prefer one of the 5. Between this and NA, he'd prefer NA. NA is better diversified in lines of business and geographically. NA has better scale advantage, management, and capitalization. High single-digit dividend increases from NA are pretty reliable, though its dividend increases may pause if credit losses get too high.

banks

Unspecified

It is a smaller bank and could be a good way to play the oil and gas sector. Or you could consider the service companies. It is a decent company but there are other ways to play the financials. The larger Canadian banks in general show fairly consistent results with an 8 to 10% ROE and 2 to 5% dividend yield. His favourite bank is Royal.

banks

BUY on WEAKNESS

Results have lagged competitors in market. Large stock selloff has affected share price. Economic downturn is a worry as company not as large as others. If betting on ability for banks to increase margins, would be a good bet. Current yield is over 5% which is attractive. Bet would be on a soft landing of economy.

banks

DON'T BUY

CWB vs. LB He'd buy neither right now. Financials are not necessarily what you want going into a recession. Credit losses can sting. Regional banks are not as well diversified as the bigger banks. No wealth management. CWB is more exposed to commercial and industrial loans, so losses can be greater. CWB edges out LB by a hair.

banks

TOP PICK

It is a cheap bank in a good area of the energy business. It is less than 7 1/2 X forward looking P/E. Is trading at Book Value or even a discount. It is as cheap as it has ever been in 25 years except for the Covid low. Also has a good dividend. Regarding recession, banks usually come through recessions relatively unscathed and can be bought at good discounts. Buy 10, Hold 3, Sell 0. (Analysts’ price target is $37.12)

banks

WEAK BUY

Tough time when oil was down. Now in great shape. Yield is 3.3%, not as high as the big banks. 9x earnings, below book value. Worth looking at. The world is looking a lot better for the banking industry. It will always trade at a lower multiple, as it's regional.

banks

COMMENT

Working to diversify, including owning Ontario real estate. Undergoing a review to calculate capital differently which, if successful, would let them compete more aggressively on loan products. Regional banks are trades for him, in and out. Prefers this to LB.

banks

HOLD

Fine as a holding. But the majors are cheap enough, and they'll move first. Slightly higher losses coming to CWB because of the oil patch. It's a hold. Wouldn't worry about the dividend too much, but he'd prefer one of the majors at this stage.

banks

DON'T BUY

Focused on the western part of the country and which is still going through a difficult economic period of time. It has had a decent couple of years as credit losses have been kept to a decent low. Their traditional business of lending with a flat yield curve is very difficult. He prefers TD-T and RY-T because they are doing the best with regards to investing.

banks

COMMENT

He sees companies with better diversification outside Canada (the big Canadian banks), though CWB is generally fine and so is its current share price.

banks

DON'T BUY

It's correlated to Canadian oil. The next phase will be a recession, so oil prices will likely see $25 rather than $75. This means, CWB will fall too.

banks

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Canadian Western Bank(CWB-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 4

Total Signals / Votes : 7

Stockchase rating for Canadian Western Bank is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Canadian Western Bank(CWB-T) Frequently Asked Questions

What is Canadian Western Bank stock symbol?

Canadian Western Bank is a Canadian stock, trading under the symbol CWB-T on the Toronto Stock Exchange (CWB-CT). It is usually referred to as TSX:CWB or CWB-T

Is Canadian Western Bank a buy or a sell?

In the last year, 7 stock analysts published opinions about CWB-T. 3 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Canadian Western Bank.

Is Canadian Western Bank a good investment or a top pick?

Canadian Western Bank was recommended as a Top Pick by on . Read the latest stock experts ratings for Canadian Western Bank.

Why is Canadian Western Bank stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Canadian Western Bank worth watching?

7 stock analysts on Stockchase covered Canadian Western Bank In the last year. It is a trending stock that is worth watching.

What is Canadian Western Bank stock price?

On 2022-11-28, Canadian Western Bank (CWB-T) stock closed at a price of $25.5.

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Canadian Western Bank(CWB-T) Rating

Canadian Western Bank(CWB-T) Frequently Asked Questions

What is Canadian Western Bank stock symbol?

Is Canadian Western Bank a buy or a sell?

Is Canadian Western Bank a good investment or a top pick?

Why is Canadian Western Bank stock dropping?

Is Canadian Western Bank worth watching?

What is Canadian Western Bank stock price?