Equities research analysts expect Great Western Bancorp, Inc. (NYSE:GWB) to report sales of $119.87 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Great Western Bancorp’s earnings. The highest sales estimate is $121.65 million and the lowest is $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 firm is expected to issue its next earnings report 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 year, with estimates ranging from $455.22 million to $477.76 million. For the next financial year, analysts expect that the business 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 an average based on a survey of sell-side research analysts that cover 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 Zacks’ consensus estimate of $0.62 by ($0.03). Great Western Bancorp had a return on equity of 8.44% and a net margin of 28.55%. The business had revenue of $114.22 million during the quarter, compared to analysts’ expectations of $117.10 million. During the same period last year, the business earned $0.59 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year.
Several research firms have recently commented on GWB. BidaskClub upgraded shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Royal Bank Of Canada reiterated a “buy” rating and issued a $46.00 price target on shares of Great Western Bancorp in a research report on Friday, July 28th. Zacks Investment Research lowered shares of Great Western Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Stephens set a $46.00 price target on shares of Great Western Bancorp and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, TheStreet lowered shares of Great Western Bancorp from a “b” rating to a “c” rating in a research report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $45.44.
A number of hedge funds and other institutional investors have recently made changes to their positions in GWB. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Great Western Bancorp by 106.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,445 shares of the bank’s stock worth $104,000 after acquiring an additional 1,263 shares during the last quarter. Flinton Capital Management LLC raised its stake in 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. raised its stake in Great Western Bancorp by 2.7% during the first quarter. Victory Capital Management Inc. now owns 3,354 shares of the bank’s stock worth $142,000 after purchasing an additional 88 shares during the period. Strs Ohio raised its stake in Great Western Bancorp by 7.1% during the second quarter. Strs Ohio now owns 4,500 shares of the bank’s stock worth $183,000 after purchasing an additional 300 shares during the period. Finally, Riverhead Capital Management LLC raised its stake in Great Western Bancorp by 85.8% during the second quarter. Riverhead Capital Management LLC now owns 4,830 shares of the bank’s stock worth $197,000 after purchasing an additional 2,230 shares during the period.
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Great Western Bancorp (NYSE GWB) traded up 2.44% during mid-day trading on Tuesday, hitting $36.17. 76,201 shares of the stock traded hands. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 15.15 and a beta of 1.71. The stock’s 50 day moving average is $37.27 and its 200-day moving average is $40.14. Great Western Bancorp has a 12 month low of $31.51 and a 12 month 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. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.80 dividend on an annualized basis and a yield of 2.27%. Great Western Bancorp’s dividend payout ratio (DPR) is currently 33.47%.
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.
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