Great Western Bancorp Inc (NYSE:GWB) Plans $0.01 Quarterly Dividend

Great Western Bancorp Inc (NYSE:GWB) announced a quarterly dividend on Wednesday, July 29th, Zacks reports. Investors of record on Thursday, August 13th will be paid a dividend of 0.01 per share by the bank on Thursday, August 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Wednesday, August 12th.

Great Western Bancorp has raised its dividend by an average of 94.9% per year over the last three years and has increased its dividend every year for the last 4 years. Great Western Bancorp has a payout ratio of 55.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Great Western Bancorp to earn $1.70 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 35.3%.

GWB stock traded down $0.23 during trading hours on Thursday, hitting $12.45. The company’s stock had a trading volume of 5,032 shares, compared to its average volume of 517,750. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $685.43 million, a PE ratio of -1.14, a price-to-earnings-growth ratio of 4.70 and a beta of 1.17. Great Western Bancorp has a 12 month low of $10.86 and a 12 month high of $36.65. The stock has a 50 day moving average price of $13.84 and a two-hundred day moving average price of $20.45.

Great Western Bancorp (NYSE:GWB) last issued its quarterly earnings data on Wednesday, July 29th. The bank reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.10). Great Western Bancorp had a positive return on equity of 8.76% and a negative net margin of 107.84%. The firm had revenue of $108.19 million during the quarter, compared to analyst estimates of $117.15 million. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Great Western Bancorp’s quarterly revenue was down 27.4% compared to the same quarter last year. Sell-side analysts expect that Great Western Bancorp will post 1.28 earnings per share for the current year.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, June 8th. ValuEngine raised shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. cut Great Western Bancorp from a “neutral” rating to an “underweight” rating and set a $15.00 price objective on the stock. in a report on Monday, May 4th. TheStreet cut Great Western Bancorp from a “c” rating to a “d” rating in a research note on Thursday, April 30th. Finally, Keefe, Bruyette & Woods cut shares of Great Western Bancorp from an “outperform” rating to a “market perform” rating and set a $26.00 price target for the company. in a report on Wednesday, April 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.67.

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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Dividend History for Great Western Bancorp (NYSE:GWB)

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