Brokerages expect Great Western Bancorp (NYSE:GWB) to post $0.73 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Great Western Bancorp’s earnings. The lowest EPS estimate is $0.70 and the highest is $0.76. Great Western Bancorp posted earnings of $0.59 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 23.7%. The company is expected to announce its next earnings results on Thursday, July 26th.
On average, analysts expect that Great Western Bancorp will report full-year earnings of $2.93 per share for the current financial year, with EPS estimates ranging from $2.84 to $3.00. For the next year, analysts forecast that the company will report earnings of $3.27 per share, with EPS estimates ranging from $3.20 to $3.38. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Great Western Bancorp.
Great Western Bancorp (NYSE:GWB) last released its quarterly earnings results on Thursday, April 26th. The bank reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). The business had revenue of $119.30 million during the quarter, compared to analyst estimates of $117.13 million. Great Western Bancorp had a net margin of 27.33% and a return on equity of 8.86%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 earnings per share.
Several analysts have recently commented on GWB shares. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $51.00 price target on shares of Great Western Bancorp in a research report on Thursday, January 25th. Royal Bank of Canada reiterated a “buy” rating and issued a $50.00 price target on shares of Great Western Bancorp in a research report on Thursday, January 25th. Stephens reiterated a “buy” rating and issued a $49.00 price target on shares of Great Western Bancorp in a research report on Friday, January 26th. Zacks Investment Research upgraded shares of Great Western Bancorp from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, February 27th. Finally, ValuEngine upgraded shares of Great Western Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $46.22.
Shares of GWB stock traded down $0.09 during trading hours on Tuesday, hitting $43.79. The company’s stock had a trading volume of 154,200 shares, compared to its average volume of 247,328. The firm has a market capitalization of $2.55 billion, a PE ratio of 17.89, a P/E/G ratio of 1.30 and a beta of 1.57. Great Western Bancorp has a twelve month low of $33.27 and a twelve month high of $45.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 23rd. Investors of record on Friday, May 11th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, May 10th. This represents a $1.00 dividend on an annualized basis and a yield of 2.28%. This is a positive change from Great Western Bancorp’s previous quarterly dividend of $0.20. Great Western Bancorp’s dividend payout ratio (DPR) is 40.65%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. boosted its position in Great Western Bancorp by 68.7% during the fourth quarter. Advisor Group Inc. now owns 3,221 shares of the bank’s stock worth $128,000 after acquiring an additional 1,312 shares during the last quarter. Eqis Capital Management Inc. acquired a new stake in Great Western Bancorp during the fourth quarter worth approximately $229,000. Xact Kapitalforvaltning AB acquired a new stake in Great Western Bancorp during the fourth quarter worth approximately $243,000. CIBC Asset Management Inc acquired a new position in shares of Great Western Bancorp in the 4th quarter valued at $289,000. Finally, Stevens Capital Management LP acquired a new position in shares of Great Western Bancorp in the 1st quarter valued at $289,000.
About Great Western Bancorp
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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