Wall Street brokerages predict that Great Western Bancorp Inc (NYSE:GWB) will announce sales of $123.05 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Great Western Bancorp’s earnings. The lowest sales estimate is $122.10 million and the highest is $124.00 million. Great Western Bancorp posted sales of $121.61 million during the same quarter last year, which suggests a positive year-over-year growth rate of 1.2%. The company is expected to report its next quarterly earnings report before the market opens on Tuesday, January 28th.
On average, analysts expect that Great Western Bancorp will report full year sales of $490.95 million for the current financial year, with estimates ranging from $487.20 million to $493.00 million. For the next financial year, analysts forecast that the company will report sales of $504.42 million, with estimates ranging from $500.26 million to $508.01 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Great Western Bancorp.
Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings results on Thursday, October 24th. The bank reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.10. Great Western Bancorp had a return on equity of 9.01% and a net margin of 27.73%. The business had revenue of $121.73 million for the quarter, compared to the consensus estimate of $123.57 million. During the same quarter last year, the business posted $0.72 EPS.
Several equities research analysts have weighed in on GWB shares. Zacks Investment Research lowered Great Western Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. Raymond James initiated coverage on shares of Great Western Bancorp in a report on Thursday, January 16th. They set a “market perform” rating for the company. TheStreet lowered shares of Great Western Bancorp from a “b” rating to a “c+” rating in a research report on Monday, December 2nd. Stephens lowered shares of Great Western Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price target for the company. in a research report on Thursday, December 19th. Finally, ValuEngine raised shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $37.00.
GWB traded down $0.77 during trading on Tuesday, reaching $32.54. 356,400 shares of the company were exchanged, compared to its average volume of 323,150. The stock has a market cap of $1.87 billion, a P/E ratio of 11.06, a PEG ratio of 2.85 and a beta of 1.63. The firm has a 50 day moving average of $34.57 and a 200 day moving average of $33.43. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. Great Western Bancorp has a 52 week low of $28.06 and a 52 week high of $38.78.
In other Great Western Bancorp news, CEO Kenneth James Karels sold 35,000 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $36.00, for a total transaction of $1,260,000.00. Following the sale, the chief executive officer now owns 26,662 shares in the company, valued at approximately $959,832. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Peter Robert Chapman sold 4,071 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $34.00, for a total transaction of $138,414.00. Following the completion of the transaction, the chief financial officer now owns 25,890 shares of the company’s stock, valued at $880,260. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC bought a new stake in shares of Great Western Bancorp in the 4th quarter worth about $873,000. Janney Montgomery Scott LLC bought a new position in Great Western Bancorp during the 4th quarter valued at about $482,000. First National Bank of Omaha boosted its position in Great Western Bancorp by 8.1% in the fourth quarter. First National Bank of Omaha now owns 48,248 shares of the bank’s stock valued at $1,676,000 after buying an additional 3,604 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Great Western Bancorp by 4.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 22,160 shares of the bank’s stock valued at $770,000 after buying an additional 1,000 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in Great Western Bancorp during the third quarter worth about $7,546,000. 97.20% of the stock is currently owned by institutional investors and hedge funds.
About Great Western Bancorp
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.
Recommended Story: What is the Nikkei 225 index?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Great Western Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Western Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.