Wall Street brokerages forecast that Great Western Bancorp, Inc. (NYSE:GWB) will report sales of $119.87 million for the current quarter, according to Zacks. Three analysts have provided estimates for Great Western Bancorp’s earnings, with the highest sales estimate coming in at $121.65 million and the lowest estimate coming in at $117.22 million. Great Western Bancorp posted sales of $114.03 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.1%. The company is expected to issue its next earnings results on Thursday, October 26th.

According to Zacks, analysts expect that Great Western Bancorp will report full-year sales of $119.87 million for the current fiscal year, with estimates ranging from $455.22 million to $477.76 million. For the next fiscal year, analysts anticipate that the company will report sales of $496.71 million per share, with estimates ranging from $486.65 million to $502.37 million. Zacks Investment Research’s sales 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 released its earnings results on Thursday, July 27th. The bank reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.03. The firm had revenue of $114.22 million during the quarter, compared to analysts’ expectations of $117.10 million. Great Western Bancorp had a net margin of 28.55% and a return on equity of 8.44%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 EPS.

Several brokerages recently issued reports on GWB. Piper Jaffray Companies reissued a “hold” rating and issued a $41.00 price objective on shares of Great Western Bancorp in a research note on Thursday. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $46.00 price objective on shares of Great Western Bancorp in a research note on Sunday, July 30th. Royal Bank Of Canada reissued a “buy” rating and issued a $46.00 price objective on shares of Great Western Bancorp in a research note on Friday, July 28th. Stephens set a $46.00 price objective on Great Western Bancorp and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, BidaskClub cut Great Western Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $45.56.

Great Western Bancorp (NYSE:GWB) opened at 39.64 on Friday. The stock has a 50 day moving average price of $39.98 and a 200-day moving average price of $41.33. The stock has a market cap of $2.33 billion, a PE ratio of 16.60 and a beta of 1.69. Great Western Bancorp has a 1-year low of $31.51 and a 1-year high of $45.62.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Friday, August 11th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.80 dividend on an annualized basis and a yield of 2.02%. Great Western Bancorp’s dividend payout ratio is currently 33.47%.

In other Great Western Bancorp news, insider Bryan Leighton Kindopp sold 766 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $40.95, for a total transaction of $31,367.70. Following the completion of the sale, the insider now owns 300 shares in the company, valued at $12,285. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.23% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in Great Western Bancorp by 2.7% in the first quarter. Victory Capital Management Inc. now owns 3,354 shares of the bank’s stock worth $142,000 after buying an additional 88 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Great Western Bancorp by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 6,510 shares of the bank’s stock worth $276,000 after buying an additional 160 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Great Western Bancorp by 1.7% in the first quarter. Municipal Employees Retirement System of Michigan now owns 13,410 shares of the bank’s stock worth $569,000 after buying an additional 220 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Great Western Bancorp by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 23,900 shares of the bank’s stock worth $1,014,000 after buying an additional 300 shares in the last quarter. Finally, Strs Ohio boosted its position in Great Western Bancorp by 7.1% in the second quarter. Strs Ohio now owns 4,500 shares of the bank’s stock worth $183,000 after buying an additional 300 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.

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

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