Analysts Expect Great Western Bancorp, Inc. (NYSE:GWB) Will Post Earnings of $0.75 Per Share

Equities analysts forecast that Great Western Bancorp, Inc. (NYSE:GWB) will announce earnings per share of $0.75 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Great Western Bancorp’s earnings. The highest EPS estimate is $0.85 and the lowest is $0.69. Great Western Bancorp also posted earnings of $0.75 per share during the same quarter last year. The business is expected to announce its next quarterly earnings report on Wednesday, January 26th.

On average, analysts expect that Great Western Bancorp will report full year earnings of $2.76 per share for the current fiscal year, with EPS estimates ranging from $2.60 to $3.05. For the next fiscal year, analysts forecast that the firm will post earnings of $2.78 per share, with EPS estimates ranging from $2.60 to $2.90. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Great Western Bancorp.

Great Western Bancorp (NYSE:GWB) last issued its quarterly earnings results on Monday, October 25th. The bank reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.18. Great Western Bancorp had a net margin of 41.34% and a return on equity of 17.97%. During the same quarter in the previous year, the company posted $0.20 earnings per share.

Several brokerages have recently weighed in on GWB. DA Davidson cut shares of Great Western Bancorp from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $38.00 to $36.00 in a research note on Friday, September 17th. Zacks Investment Research cut shares of Great Western Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, September 30th. Finally, Royal Bank of Canada cut shares of Great Western Bancorp from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $35.00 to $33.00 in a research note on Friday, September 17th. Four research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $32.75.

Institutional investors have recently made changes to their positions in the business. Profund Advisors LLC lifted its holdings in shares of Great Western Bancorp by 5.0% during the second quarter. Profund Advisors LLC now owns 7,012 shares of the bank’s stock worth $230,000 after buying an additional 335 shares in the last quarter. Hanseatic Management Services Inc. increased its position in shares of Great Western Bancorp by 21.3% in the third quarter. Hanseatic Management Services Inc. now owns 2,407 shares of the bank’s stock worth $79,000 after purchasing an additional 423 shares during the period. Mutual of America Capital Management LLC increased its position in shares of Great Western Bancorp by 6.5% in the second quarter. Mutual of America Capital Management LLC now owns 7,835 shares of the bank’s stock worth $257,000 after purchasing an additional 476 shares during the period. Cornercap Investment Counsel Inc. increased its position in shares of Great Western Bancorp by 1.3% in the third quarter. Cornercap Investment Counsel Inc. now owns 38,198 shares of the bank’s stock worth $1,251,000 after purchasing an additional 478 shares during the period. Finally, Meeder Asset Management Inc. increased its position in shares of Great Western Bancorp by 504.6% in the third quarter. Meeder Asset Management Inc. now owns 792 shares of the bank’s stock worth $26,000 after purchasing an additional 661 shares during the period. 98.92% of the stock is owned by institutional investors and hedge funds.

Shares of GWB traded down $0.51 during mid-day trading on Friday, hitting $35.59. 126,771 shares of the company’s stock were exchanged, compared to its average volume of 382,659. The firm has a market capitalization of $1.96 billion, a P/E ratio of 9.70 and a beta of 1.21. Great Western Bancorp has a 52 week low of $16.39 and a 52 week high of $37.60. The stock has a 50-day moving average of $33.31. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.87 and a current ratio of 0.83.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 26th. Investors of record on Friday, November 12th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, November 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.56%. Great Western Bancorp’s dividend payout ratio is presently 5.45%.

Great Western Bancorp Company Profile

Great Western Bancorp, Inc operates as a bank holding company. The firm engages in the provision of relationship-based business and agri-business banking services. It also offers deposit and loan products to its retail customers through several channels, including its branch network, online banking system, mobile banking applications and customer care centers.

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

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