Great Western Bancorp (NYSE:GWB) Issues Earnings Results, Beats Estimates By $0.10 EPS

Great Western Bancorp (NYSE:GWB) posted its earnings results on Thursday. The bank reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10, Briefing.com reports. Great Western Bancorp had a net margin of 26.81% and a return on equity of 8.63%. During the same quarter in the prior year, the firm earned $0.72 earnings per share.

Shares of Great Western Bancorp stock opened at $35.91 on Friday. The firm has a 50-day simple moving average of $32.92 and a two-hundred day simple moving average of $33.04. The company has a market cap of $2.00 billion, a P/E ratio of 12.38, a price-to-earnings-growth ratio of 3.02 and a beta of 1.69. Great Western Bancorp has a fifty-two week low of $28.06 and a fifty-two week high of $38.78. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.97 and a current ratio of 0.97.

A number of research analysts recently issued reports on the stock. Piper Jaffray Companies set a $36.00 target price on shares of Great Western Bancorp and gave the company a “hold” rating in a research report on Friday, July 19th. Royal Bank of Canada set a $38.00 target price on shares of Great Western Bancorp and gave the company a “buy” rating in a research report on Friday, July 26th. TheStreet downgraded shares of Great Western Bancorp from a “b-” rating to a “c+” rating in a research report on Friday, August 23rd. ValuEngine upgraded shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded shares of Great Western Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $37.00.

In other news, Director Thomas Edward Henning acquired 2,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was acquired at an average price of $28.92 per share, for a total transaction of $57,840.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.40% of the company’s stock.

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.

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Earnings History for Great Western Bancorp (NYSE:GWB)

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