$0.80 EPS Expected for Great Western Bancorp Inc (GWB) This Quarter

Equities research analysts expect that Great Western Bancorp Inc (NYSE:GWB) will report earnings per share of $0.80 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Great Western Bancorp’s earnings. The highest EPS estimate is $0.81 and the lowest is $0.78. Great Western Bancorp reported earnings of $0.69 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.9%. The business is scheduled to report its next quarterly earnings report on Thursday, April 25th.

According to Zacks, analysts expect that Great Western Bancorp will report full year earnings of $3.21 per share for the current year, with EPS estimates ranging from $3.15 to $3.29. For the next financial year, analysts forecast that the company will report earnings of $3.35 per share, with EPS estimates ranging from $3.20 to $3.47. Zacks’ earnings per share calculations 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 data on Thursday, January 24th. The bank reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.02. Great Western Bancorp had a net margin of 30.47% and a return on equity of 9.62%. The company had revenue of $121.61 million for the quarter, compared to the consensus estimate of $124.10 million. During the same quarter in the prior year, the firm earned $0.72 earnings per share.

GWB has been the subject of several analyst reports. Piper Jaffray Companies set a $38.00 target price on shares of Great Western Bancorp and gave the stock a “hold” rating in a report on Friday, January 25th. Zacks Investment Research upgraded shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, December 28th. Finally, ValuEngine cut shares of Great Western Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Great Western Bancorp currently has a consensus rating of “Hold” and an average price target of $44.25.

GWB traded up $0.38 during trading on Monday, hitting $35.47. 178,033 shares of the company traded hands, compared to its average volume of 363,582. Great Western Bancorp has a 1 year low of $29.52 and a 1 year high of $46.03. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.44 and a beta of 1.62.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Friday, February 8th will be paid a $0.25 dividend. The ex-dividend date is Thursday, February 7th. This represents a $1.00 annualized dividend and a yield of 2.82%. Great Western Bancorp’s dividend payout ratio is currently 34.48%.

In other Great Western Bancorp news, CFO Peter Robert Chapman sold 3,450 shares of the firm’s stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $33.98, for a total value of $117,231.00. Following the completion of the sale, the chief financial officer now owns 21,423 shares of the company’s stock, valued at $727,953.54. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.40% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Great Western Bancorp by 3.4% in the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 19,080 shares of the bank’s stock valued at $596,000 after purchasing an additional 630 shares in the last quarter. Eagle Asset Management Inc. grew its stake in shares of Great Western Bancorp by 0.6% in the fourth quarter. Eagle Asset Management Inc. now owns 247,855 shares of the bank’s stock worth $7,745,000 after purchasing an additional 1,474 shares in the last quarter. Texas Permanent School Fund lifted its holdings in shares of Great Western Bancorp by 1.8% in the fourth quarter. Texas Permanent School Fund now owns 37,736 shares of the bank’s stock valued at $1,179,000 after buying an additional 668 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Great Western Bancorp by 6.4% during the fourth quarter. California Public Employees Retirement System now owns 181,536 shares of the bank’s stock valued at $5,673,000 after purchasing an additional 10,910 shares during the last quarter. Finally, Toronto Dominion Bank purchased a new stake in shares of Great Western Bancorp during the fourth quarter valued at $32,000.

About Great Western Bancorp

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.

Recommended Story: Bond

Get a free copy of the Zacks research report on Great Western Bancorp (GWB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Great Western Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Western Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply