Brokerages Expect Great Western Bancorp Inc (NYSE:GWB) Will Announce Earnings of $0.77 Per Share

Equities analysts forecast that Great Western Bancorp Inc (NYSE:GWB) will report $0.77 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Great Western Bancorp’s earnings, with estimates ranging from $0.75 to $0.78. Great Western Bancorp posted earnings per share of $0.79 during the same quarter last year, which would indicate a negative year over year growth rate of 2.5%. The firm is expected to issue its next earnings results before the market opens on Tuesday, January 28th.

According to Zacks, analysts expect that Great Western Bancorp will report full year earnings of $3.01 per share for the current financial year, with EPS estimates ranging from $2.93 to $3.10. For the next fiscal year, analysts anticipate that the business will post earnings of $3.13 per share, with EPS estimates ranging from $3.05 to $3.15. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Great Western Bancorp.

Great Western Bancorp (NYSE:GWB) last released its quarterly earnings data on Thursday, October 24th. The bank reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company 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 company posted $0.72 EPS.

A number of analysts recently issued reports on the company. Raymond James assumed coverage on Great Western Bancorp in a research note on Thursday. They set a “market perform” rating on the stock. Zacks Investment Research lowered Great Western Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. TheStreet cut Great Western Bancorp from a “b” rating to a “c+” rating in a research report on Monday, December 2nd. Stephens cut Great Western Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 target price for the company. in a research report on Thursday, December 19th. Finally, ValuEngine upgraded Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Great Western Bancorp has a consensus rating of “Hold” and an average target price of $37.00.

In other news, CFO Peter Robert Chapman sold 4,071 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $34.00, for a total value of $138,414.00. Following the completion of the transaction, the chief financial officer now directly owns 25,890 shares in the company, valued at approximately $880,260. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kenneth James Karels sold 35,000 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $36.00, for a total value of $1,260,000.00. Following the completion of the transaction, the chief executive officer now owns 26,662 shares of the company’s stock, valued at $959,832. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of GWB. First Trust Advisors LP boosted its holdings in shares of Great Western Bancorp by 47.1% in the 1st quarter. First Trust Advisors LP now owns 39,493 shares of the bank’s stock worth $1,248,000 after purchasing an additional 12,644 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Great Western Bancorp by 16.4% in the 2nd quarter. LPL Financial LLC now owns 15,260 shares of the bank’s stock worth $545,000 after purchasing an additional 2,152 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Great Western Bancorp by 12.7% in the 2nd quarter. US Bancorp DE now owns 14,871 shares of the bank’s stock worth $532,000 after purchasing an additional 1,681 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Great Western Bancorp by 0.5% in the 2nd quarter. BlackRock Inc. now owns 8,375,127 shares of the bank’s stock worth $299,160,000 after purchasing an additional 39,504 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Great Western Bancorp by 7.3% in the 2nd quarter. Invesco Ltd. now owns 1,178,069 shares of the bank’s stock worth $42,081,000 after purchasing an additional 79,863 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Shares of NYSE:GWB traded down $0.29 during midday trading on Friday, reaching $34.09. 522,100 shares of the company traded hands, compared to its average volume of 295,709. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.24. Great Western Bancorp has a 12 month low of $28.06 and a 12 month high of $38.78. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 2.97 and a beta of 1.63. The firm’s fifty day moving average price is $34.62 and its two-hundred day moving average price is $33.49.

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.

Further Reading: Cash Flow

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

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