Brokerages Expect Great Western Bancorp Inc (GWB) to Post $0.78 EPS

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Analysts expect Great Western Bancorp Inc (NYSE:GWB) to post $0.78 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Great Western Bancorp’s earnings, with the lowest EPS estimate coming in at $0.76 and the highest estimate coming in at $0.80. Great Western Bancorp posted earnings of $0.64 per share during the same quarter last year, which suggests a positive year over year growth rate of 21.9%. The business is scheduled to report its next earnings results on Thursday, October 25th.

According to Zacks, analysts expect that Great Western Bancorp will report full year earnings of $3.00 per share for the current year, with EPS estimates ranging from $2.94 to $3.08. For the next financial year, analysts anticipate that the business will report earnings of $3.34 per share, with EPS estimates ranging from $3.25 to $3.41. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Great Western Bancorp.

Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data on Thursday, July 26th. The bank reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.04. The company had revenue of $123.61 million for the quarter, compared to analysts’ expectations of $121.23 million. Great Western Bancorp had a return on equity of 9.36% and a net margin of 28.45%. Great Western Bancorp’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $0.59 EPS.

Several equities analysts recently issued reports on the company. B. Riley raised their price target on Great Western Bancorp from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 19th. Zacks Investment Research lowered Great Western Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, September 3rd. Finally, ValuEngine upgraded Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.44.

GWB traded up $0.62 on Thursday, hitting $43.06. 152,517 shares of the company were exchanged, compared to its average volume of 172,357. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.99 and a quick ratio of 0.99. Great Western Bancorp has a 12 month low of $35.82 and a 12 month high of $46.03. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 1.18 and a beta of 1.52.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 22nd. Investors of record on Friday, August 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 2.32%. Great Western Bancorp’s dividend payout ratio is presently 40.65%.

In related news, insider Kenneth James Karels sold 4,700 shares of Great Western Bancorp stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $44.00, for a total transaction of $206,800.00. Following the sale, the insider now directly owns 29,973 shares in the company, valued at $1,318,812. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.33% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its position in shares of Great Western Bancorp by 15.9% in the 2nd quarter. Victory Capital Management Inc. now owns 8,568 shares of the bank’s stock valued at $360,000 after acquiring an additional 1,175 shares during the period. Great West Life Assurance Co. Can raised its holdings in Great Western Bancorp by 1.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 77,888 shares of the bank’s stock worth $3,133,000 after buying an additional 1,241 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in Great Western Bancorp by 5.0% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 26,800 shares of the bank’s stock worth $1,079,000 after buying an additional 1,280 shares during the period. Rhumbline Advisers raised its holdings in Great Western Bancorp by 0.9% during the 1st quarter. Rhumbline Advisers now owns 140,569 shares of the bank’s stock worth $5,661,000 after buying an additional 1,322 shares during the period. Finally, Profund Advisors LLC raised its holdings in Great Western Bancorp by 15.6% during the 1st quarter. Profund Advisors LLC now owns 10,428 shares of the bank’s stock worth $420,000 after buying an additional 1,410 shares during the period.

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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