Q1 2018 EPS Estimates for Great Western Bancorp Inc (GWB) Decreased by Analyst

Great Western Bancorp Inc (NYSE:GWB) – B. Riley lowered their Q1 2018 earnings estimates for Great Western Bancorp in a note issued to investors on Thursday. B. Riley analyst S. Moss now forecasts that the bank will post earnings per share of $0.59 for the quarter, down from their prior estimate of $0.63. B. Riley currently has a “Neutral” rating and a $44.00 target price on the stock. B. Riley also issued estimates for Great Western Bancorp’s Q2 2018 earnings at $0.70 EPS, Q3 2018 earnings at $0.72 EPS, Q4 2018 earnings at $0.76 EPS, FY2018 earnings at $2.76 EPS, Q1 2019 earnings at $0.79 EPS, Q2 2019 earnings at $0.78 EPS, Q3 2019 earnings at $0.79 EPS and Q4 2019 earnings at $0.84 EPS.

Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data on Thursday, October 26th. The bank reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. Great Western Bancorp had a net margin of 29.09% and a return on equity of 8.45%. The firm had revenue of $116.50 million during the quarter, compared to analyst estimates of $117.75 million. During the same quarter in the prior year, the firm posted $0.57 earnings per share.

A number of other research analysts have also recently commented on the stock. Zacks Investment Research raised shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. ValuEngine cut shares of Great Western Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Deutsche Bank upped their target price on shares of Great Western Bancorp from $43.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $40.00 target price on shares of Great Western Bancorp in a research report on Friday, October 27th. Finally, FBR & Co cut shares of Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Great Western Bancorp presently has an average rating of “Hold” and an average price target of $45.40.

Great Western Bancorp (GWB) traded up $1.32 during midday trading on Friday, reaching $42.87. 276,500 shares of the company’s stock were exchanged, compared to its average volume of 270,212. Great Western Bancorp has a 52 week low of $33.27 and a 52 week high of $45.62. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $2,520.00, a PE ratio of 17.50, a P/E/G ratio of 2.05 and a beta of 1.69.

In other news, insider Kenneth James Karels sold 2,633 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $41.18, for a total transaction of $108,426.94. Following the sale, the insider now owns 68,335 shares of the company’s stock, valued at $2,814,035.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Peter Robert Chapman sold 5,000 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $42.07, for a total transaction of $210,350.00. Following the sale, the chief financial officer now directly owns 22,969 shares in the company, valued at approximately $966,305.83. The disclosure for this sale can be found here. Insiders have sold 43,482 shares of company stock worth $1,798,042 in the last three months. Corporate insiders own 0.19% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. lifted its position in shares of Great Western Bancorp by 8.1% during the third quarter. Macquarie Group Ltd. now owns 3,574,672 shares of the bank’s stock worth $147,562,000 after purchasing an additional 269,230 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Great Western Bancorp by 17.8% during the third quarter. Bank of New York Mellon Corp now owns 3,044,994 shares of the bank’s stock worth $125,698,000 after purchasing an additional 460,107 shares in the last quarter. State Street Corp raised its holdings in Great Western Bancorp by 10.6% in the second quarter. State Street Corp now owns 2,699,137 shares of the bank’s stock valued at $110,148,000 after acquiring an additional 259,443 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in Great Western Bancorp by 13.3% in the second quarter. Westwood Holdings Group Inc. now owns 1,796,874 shares of the bank’s stock valued at $73,157,000 after acquiring an additional 210,971 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Great Western Bancorp by 23.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,618,372 shares of the bank’s stock valued at $66,805,000 after acquiring an additional 302,290 shares in the last quarter.

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About Great Western Bancorp

Great Western Bancorp, Inc is a full-service regional bank holding company. The Company is the holding company of the Great Western Bank (the Bank). As of September 30, 2016, the Company served customers through 173 branches in various markets in Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota.

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

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