Equities research analysts expect Great Western Bancorp Inc (NYSE:GWB) to report $0.80 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Great Western Bancorp’s earnings. The lowest EPS estimate is $0.78 and the highest is $0.81. Great Western Bancorp posted earnings of $0.69 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 15.9%. The firm is scheduled to report its next earnings report on Thursday, April 25th.
On average, analysts expect that Great Western Bancorp will report full-year earnings of $3.21 per share for the current financial year, with EPS estimates ranging from $3.15 to $3.29. For the next year, analysts expect that the business will report earnings of $3.35 per share, with EPS estimates ranging from $3.20 to $3.47. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Great Western Bancorp.
Great Western Bancorp (NYSE:GWB) last posted its earnings results on Thursday, January 24th. The bank reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The company had revenue of $121.61 million for the quarter, compared to analysts’ expectations of $124.10 million. Great Western Bancorp had a return on equity of 9.62% and a net margin of 30.47%. During the same period last year, the firm earned $0.72 earnings per share.
Several analysts recently issued reports on the company. Piper Jaffray Companies set a $38.00 target price on Great Western Bancorp and gave the stock a “hold” rating in a research note on Friday, January 25th. Zacks Investment Research raised Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, December 28th. Finally, ValuEngine cut Great Western Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $44.25.
In other Great Western Bancorp news, CFO Peter Robert Chapman sold 3,450 shares of the firm’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $33.98, for a total value of $117,231.00. Following the completion of the sale, the chief financial officer now directly owns 21,423 shares in the company, valued at $727,953.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.40% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. lifted its holdings in Great Western Bancorp by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 15,099 shares of the bank’s stock worth $472,000 after buying an additional 588 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Great Western Bancorp by 3.4% in the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 19,080 shares of the bank’s stock worth $596,000 after buying an additional 630 shares during the period. Texas Permanent School Fund lifted its holdings in Great Western Bancorp by 1.8% in the fourth quarter. Texas Permanent School Fund now owns 37,736 shares of the bank’s stock worth $1,179,000 after buying an additional 668 shares during the period. Congress Asset Management Co. MA lifted its holdings in Great Western Bancorp by 3.7% in the fourth quarter. Congress Asset Management Co. MA now owns 21,294 shares of the bank’s stock worth $665,000 after buying an additional 760 shares during the period. Finally, Jennison Associates LLC lifted its holdings in Great Western Bancorp by 1.8% in the fourth quarter. Jennison Associates LLC now owns 51,571 shares of the bank’s stock worth $1,612,000 after buying an additional 894 shares during the period.
Shares of NYSE GWB traded up $0.38 during trading hours on Monday, hitting $35.47. The company’s stock had a trading volume of 178,033 shares, compared to its average volume of 363,582. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $2.00 billion, a PE ratio of 12.23, a PEG ratio of 1.44 and a beta of 1.62. Great Western Bancorp has a 12 month low of $29.52 and a 12 month high of $46.03.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Friday, February 8th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, February 7th. This represents a $1.00 annualized dividend and a yield of 2.82%. Great Western Bancorp’s dividend payout ratio (DPR) is presently 34.48%.
Great Western Bancorp Company Profile
Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agri-business banking, retail banking, and wealth management services in the United States. The company offers noninterest-bearing demand accounts, interest-bearing demand accounts, interest-bearing non-transaction accounts, time deposits, and corporate credit cards.
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