Brokerages expect Great Western Bancorp Inc (NYSE:GWB) to post sales of $119.61 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Great Western Bancorp’s earnings. The lowest sales estimate is $117.28 million and the highest is $122.40 million. Great Western Bancorp posted sales of $111.23 million in the same quarter last year, which suggests a positive year over year growth rate of 7.5%. The firm is expected to issue its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that Great Western Bancorp will report full year sales of $119.61 million for the current fiscal year, with estimates ranging from $479.05 million to $494.08 million. For the next year, analysts anticipate that the company will report sales of $516.99 million per share, with estimates ranging from $509.76 million to $529.23 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Great Western Bancorp.
Great Western Bancorp (NYSE:GWB) last released its earnings results on Thursday, January 25th. The bank reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.09. The business had revenue of $117.30 million for the quarter, compared to analyst estimates of $118.85 million. Great Western Bancorp had a return on equity of 8.66% and a net margin of 27.04%. During the same quarter in the prior year, the company posted $0.63 earnings per share.
Shares of Great Western Bancorp (NYSE GWB) opened at $42.69 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.03 and a quick ratio of 1.02. The stock has a market capitalization of $2,514.27, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 1.44 and a beta of 1.62. Great Western Bancorp has a 52 week low of $33.27 and a 52 week high of $45.62.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Friday, February 9th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, February 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.87%. Great Western Bancorp’s dividend payout ratio (DPR) is currently 34.48%.
In other news, CFO Peter Robert Chapman sold 2,265 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $40.57, for a total transaction of $91,891.05. Following the transaction, the chief financial officer now owns 16,964 shares in the company, valued at $688,229.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stephen John Ulenberg sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $41.81, for a total value of $125,430.00. Following the transaction, the executive vice president now owns 12,736 shares in the company, valued at approximately $532,492.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,775 shares of company stock worth $285,271. 0.33% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in GWB. Flinton Capital Management LLC increased its stake 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 during the period. Victory Capital Management Inc. increased its stake 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 during the period. Eqis Capital Management Inc. bought a new position in shares of Great Western Bancorp during the fourth quarter worth approximately $229,000. Shelton Capital Management bought a new position in shares of Great Western Bancorp during the second quarter worth approximately $238,000. Finally, CIBC Asset Management Inc bought a new position in shares of Great Western Bancorp during the fourth quarter worth approximately $289,000.
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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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