Equities analysts expect that Great Western Bancorp Inc (NYSE:GWB) will announce $119.61 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided 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 reported sales of $111.23 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.5%. The company is expected to announce its next earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Great Western Bancorp will report full-year sales of $119.61 million for the current financial year, with estimates ranging from $479.05 million to $494.08 million. For the next financial year, analysts forecast that the firm will post sales of $516.99 million per share, with estimates ranging from $509.76 million to $529.23 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Great Western Bancorp.
Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings data on Thursday, January 25th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.09. The business had revenue of $117.30 million during the quarter, compared to analysts’ expectations of $118.85 million. Great Western Bancorp had a net margin of 27.04% and a return on equity of 8.66%. During the same period last year, the firm posted $0.63 earnings per share.
Great Western Bancorp (GWB) traded up $0.28 during trading on Friday, hitting $43.78. 111,928 shares of the stock traded hands, compared to its average volume of 217,541. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $2,561.98, a PE ratio of 17.06, a PEG ratio of 1.44 and a beta of 1.59. Great Western Bancorp has a twelve month low of $33.27 and a twelve month high of $45.62.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Friday, February 9th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Thursday, February 8th. Great Western Bancorp’s payout ratio is 34.48%.
In related news, EVP Stephen John Ulenberg sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $41.81, for a total value of $125,430.00. Following the completion of the sale, the executive vice president now owns 12,736 shares in the company, valued at approximately $532,492.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kenneth James Karels sold 1,510 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $45.00, for a total transaction of $67,950.00. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.
Several large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in shares of Great Western Bancorp by 3.4% in the 4th quarter. BlackRock Inc. now owns 7,582,407 shares of the bank’s stock valued at $301,779,000 after acquiring an additional 246,788 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Great Western Bancorp by 8.1% in the 3rd quarter. Macquarie Group Ltd. now owns 3,574,672 shares of the bank’s stock valued at $147,562,000 after acquiring an additional 269,230 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Great Western Bancorp by 17.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,044,994 shares of the bank’s stock valued at $125,698,000 after acquiring an additional 460,107 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Great Western Bancorp by 2.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,082,287 shares of the bank’s stock valued at $82,875,000 after acquiring an additional 47,952 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Great Western Bancorp by 23.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,618,372 shares of the bank’s stock valued at $66,805,000 after acquiring an additional 302,290 shares in the last quarter.
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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