Great Western Bancorp, Inc. (GWB) Expected to Announce Earnings of $0.62 Per Share
Equities analysts predict that Great Western Bancorp, Inc. (NYSE:GWB) will report $0.62 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Great Western Bancorp’s earnings. The lowest EPS estimate is $0.61 and the highest is $0.63. Great Western Bancorp posted earnings of $0.60 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 3.3%. The firm is expected to report its next earnings report on Thursday, October 26th.
According to Zacks, analysts expect that Great Western Bancorp will report full-year earnings of $2.43 per share for the current year, with EPS estimates ranging from $2.41 to $2.45. For the next year, analysts forecast that the company will post earnings of $2.62 per share, with EPS estimates ranging from $2.60 to $2.65. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts 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 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The company had revenue of $114.22 million during the quarter, compared to the consensus estimate of $117.10 million. Great Western Bancorp had a return on equity of 8.44% and a net margin of 28.55%. Great Western Bancorp’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 EPS.
A number of brokerages have recently issued reports on GWB. BidaskClub upgraded shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Royal Bank Of Canada restated a “buy” rating and issued a $46.00 price objective on shares of Great Western Bancorp in a research note on Friday, July 28th. Zacks Investment Research cut shares of Great Western Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Stephens set a $46.00 price objective on shares of Great Western Bancorp and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, Piper Jaffray Companies set a $42.00 price objective on shares of Great Western Bancorp and gave the company a “hold” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $45.44.
In related news, insider Bryan Leighton Kindopp sold 766 shares of the stock in a transaction dated Monday, June 12th. The shares were 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 approximately $12,285. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.23% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its position in shares of Great Western Bancorp by 23.3% during the 1st quarter. Bank of America Corp DE now owns 1,036,061 shares of the bank’s stock worth $43,940,000 after purchasing an additional 195,769 shares in the last quarter. Dubuque Bank & Trust Co. acquired a new stake in shares of Great Western Bancorp during the 2nd quarter worth about $199,000. Ameriprise Financial Inc. increased its position in shares of Great Western Bancorp by 22.4% during the 1st quarter. Ameriprise Financial Inc. now owns 595,511 shares of the bank’s stock worth $25,254,000 after purchasing an additional 109,101 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Great Western Bancorp by 48.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 31,552 shares of the bank’s stock worth $1,338,000 after purchasing an additional 10,331 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Great Western Bancorp by 32.8% during the 2nd quarter. Fisher Asset Management LLC now owns 124,663 shares of the bank’s stock worth $5,087,000 after purchasing an additional 30,808 shares in the last quarter.
Shares of Great Western Bancorp (GWB) opened at 34.72 on Friday. The stock has a 50 day moving average of $37.35 and a 200 day moving average of $40.19. The company has a market cap of $2.04 billion, a P/E ratio of 14.54 and a beta of 1.71. Great Western Bancorp has a 52-week low of $31.51 and a 52-week high of $45.62.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Friday, August 11th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Wednesday, August 9th. Great Western Bancorp’s dividend payout ratio (DPR) is currently 33.47%.
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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