$0.78 Earnings Per Share Expected for Great Western Bancorp Inc (NYSE:GWB) This Quarter

Brokerages expect Great Western Bancorp Inc (NYSE:GWB) to announce $0.78 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Great Western Bancorp’s earnings, with estimates ranging from $0.75 to $0.81. Great Western Bancorp reported earnings of $0.79 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 1.3%. The business is expected to report its next earnings report on Thursday, January 23rd.

According to Zacks, analysts expect that Great Western Bancorp will report full-year earnings of $3.02 per share for the current financial year, with EPS estimates ranging from $2.93 to $3.07. For the next fiscal year, analysts forecast that the firm will post earnings of $3.15 per share, with EPS estimates ranging from $3.14 to $3.15. Zacks’ earnings per share 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 issued its quarterly earnings results on Thursday, October 24th. The bank reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.10. Great Western Bancorp had a net margin of 27.73% and a return on equity of 9.01%. The firm had revenue of $121.73 million for the quarter, compared to analyst estimates of $123.57 million. During the same period in the previous year, the business earned $0.72 EPS.

A number of research analysts have recently commented on the stock. TheStreet downgraded shares of Great Western Bancorp from a “b” rating to a “c+” rating in a report on Monday, December 2nd. Zacks Investment Research downgraded shares of Great Western Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, December 4th. Finally, ValuEngine raised shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $37.00.

Shares of GWB traded up $0.07 during midday trading on Thursday, reaching $34.42. The stock had a trading volume of 156,982 shares, compared to its average volume of 324,971. The firm has a 50 day simple moving average of $34.91 and a 200-day simple moving average of $33.19. Great Western Bancorp has a one year low of $28.06 and a one year high of $38.78. The firm has a market cap of $1.95 billion, a PE ratio of 11.71, a P/E/G ratio of 3.27 and a beta of 1.64. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Thursday, November 14th. Great Western Bancorp’s dividend payout ratio is currently 40.82%.

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 shares were sold at an average price of $36.00, for a total value of $1,260,000.00. Following the completion of the sale, the chief executive officer now owns 26,662 shares of the company’s stock, valued at approximately $959,832. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

Large investors have recently modified their holdings of the company. FTB Advisors Inc. increased its position in Great Western Bancorp by 50.3% during the 2nd quarter. FTB Advisors Inc. now owns 1,160 shares of the bank’s stock worth $41,000 after purchasing an additional 388 shares in the last quarter. Stonebridge Capital Advisors LLC acquired a new position in Great Western Bancorp during the 2nd quarter worth approximately $68,000. Meeder Asset Management Inc. acquired a new position in Great Western Bancorp during the 2nd quarter worth approximately $153,000. Texas Yale Capital Corp. acquired a new position in Great Western Bancorp during the 2nd quarter worth approximately $212,000. Finally, Pitcairn Co. acquired a new position in Great Western Bancorp during the 2nd quarter worth approximately $271,000. Institutional investors own 97.43% of the company’s stock.

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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Earnings History and Estimates for Great Western Bancorp (NYSE:GWB)

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