DA Davidson Weighs in on Great Western Bancorp Inc’s Q2 2018 Earnings (GWB)

Great Western Bancorp Inc (NYSE:GWB) – DA Davidson lifted their Q2 2018 earnings estimates for Great Western Bancorp in a note issued to investors on Thursday. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings per share of $0.73 for the quarter, up from their prior estimate of $0.66. DA Davidson also issued estimates for Great Western Bancorp’s Q3 2018 earnings at $0.74 EPS and Q4 2018 earnings at $0.75 EPS.

Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.09. Great Western Bancorp had a net margin of 27.04% and a return on equity of 8.66%. The firm had revenue of $117.30 million during the quarter, compared to analyst estimates of $118.85 million. During the same quarter in the prior year, the firm posted $0.63 earnings per share.

Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada reissued a “buy” rating and issued a $50.00 price objective on shares of Great Western Bancorp in a report on Thursday. Zacks Investment Research raised shares of Great Western Bancorp from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Wednesday, January 3rd. B. Riley cut shares of Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research report on Wednesday, November 1st. FBR & Co cut shares of Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research report on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $47.00 target price on shares of Great Western Bancorp in a research report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. Great Western Bancorp presently has a consensus rating of “Hold” and a consensus target price of $46.50.

Shares of Great Western Bancorp (NYSE GWB) opened at $43.32 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.03 and a quick ratio of 1.02. Great Western Bancorp has a 1-year low of $33.27 and a 1-year high of $45.62. The stock has a market cap of $2,550.00, a PE ratio of 18.67, a P/E/G ratio of 1.48 and a beta of 1.69.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Friday, February 9th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.80 dividend on an annualized basis and a yield of 1.85%. Great Western Bancorp’s payout ratio is currently 34.48%.

In other Great Western Bancorp news, CFO Peter Robert Chapman sold 2,265 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $40.57, for a total value of $91,891.05. Following the transaction, the chief financial officer now owns 16,964 shares of the company’s stock, valued at $688,229.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.33% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of GWB. Flinton Capital Management LLC lifted its position in shares of Great Western Bancorp by 85.4% during the second quarter. Flinton Capital Management LLC now owns 3,056 shares of the bank’s stock worth $125,000 after purchasing an additional 1,408 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Great Western Bancorp by 36.3% during the third quarter. Victory Capital Management Inc. now owns 5,379 shares of the bank’s stock worth $222,000 after purchasing an additional 1,434 shares in the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of Great Western Bancorp during the fourth quarter worth about $229,000. Shelton Capital Management acquired a new stake in shares of Great Western Bancorp during the second quarter worth about $238,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Great Western Bancorp during the second quarter worth about $318,000.

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Great Western Bancorp Company Profile

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.

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

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