$0.78 EPS Expected for Great Western Bancorp Inc (GWB) This Quarter

Analysts expect Great Western Bancorp Inc (NYSE:GWB) to report earnings of $0.78 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Great Western Bancorp’s earnings, with estimates ranging from $0.76 to $0.80. Great Western Bancorp posted earnings per share of $0.64 in the same quarter last year, which suggests a positive year over year growth rate of 21.9%. The business is scheduled to issue its next earnings results on Thursday, October 25th.

According to Zacks, analysts expect that Great Western Bancorp will report full year earnings of $2.98 per share for the current year, with EPS estimates ranging from $2.92 to $3.08. For the next year, analysts expect that the business will post earnings of $3.34 per share, with EPS estimates ranging from $3.25 to $3.41. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Great Western Bancorp.

Great Western Bancorp (NYSE:GWB) last released its quarterly earnings results on Thursday, July 26th. The bank reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.04. Great Western Bancorp had a net margin of 28.45% and a return on equity of 9.36%. The business had revenue of $123.61 million for the quarter, compared to the consensus estimate of $121.23 million. During the same period last year, the firm earned $0.59 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis.

Several research firms have weighed in on GWB. ValuEngine upgraded shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. Zacks Investment Research upgraded shares of Great Western Bancorp from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Wednesday, July 25th. Finally, B. Riley increased their price target on shares of Great Western Bancorp from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 19th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $46.33.

Great Western Bancorp traded down $0.48, hitting $41.66, during trading on Friday, according to MarketBeat. The company’s stock had a trading volume of 631 shares, compared to its average volume of 230,421. The company has a current ratio of 0.99, a quick ratio of 1.02 and a debt-to-equity ratio of 0.18. Great Western Bancorp has a one year low of $33.27 and a one year high of $46.03. The company has a market capitalization of $2.48 billion, a PE ratio of 16.90, a PEG ratio of 1.17 and a beta of 1.53.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 22nd. Stockholders of record on Friday, August 10th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 2.40%. Great Western Bancorp’s payout ratio is 40.65%.

In other news, insider Kenneth James Karels sold 3,978 shares of the firm’s stock in a transaction on Monday, June 4th. The shares were sold at an average price of $45.00, for a total transaction of $179,010.00. Following the sale, the insider now directly owns 38,885 shares in the company, valued at approximately $1,749,825. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Great Western Bancorp by 6.9% during the 2nd quarter. BlackRock Inc. now owns 8,154,606 shares of the bank’s stock valued at $342,412,000 after purchasing an additional 524,152 shares during the period. Dimensional Fund Advisors LP increased its holdings in Great Western Bancorp by 18.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,295,481 shares of the bank’s stock valued at $92,439,000 after acquiring an additional 359,911 shares during the last quarter. Northern Trust Corp increased its holdings in Great Western Bancorp by 0.6% in the 1st quarter. Northern Trust Corp now owns 1,350,044 shares of the bank’s stock valued at $54,366,000 after acquiring an additional 8,613 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Great Western Bancorp by 14.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,155,521 shares of the bank’s stock valued at $46,533,000 after acquiring an additional 146,338 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Great Western Bancorp by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 486,223 shares of the bank’s stock valued at $19,580,000 after acquiring an additional 14,004 shares during the last quarter.

Great Western Bancorp Company Profile

Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agribusiness banking, retail banking, and wealth management services. The company offers non-interest-bearing demand accounts, interest-bearing savings and money market accounts, individual retirement accounts, and time certificates of deposits, as well as NOW accounts.

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

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