Wall Street brokerages expect Great Western Bancorp Inc (NYSE:GWB) to announce $123.03 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Great Western Bancorp’s earnings, with estimates ranging from $122.10 million to $124.00 million. Great Western Bancorp reported sales of $121.25 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.5%. The business is scheduled to report its next earnings results on Thursday, October 24th.
On average, analysts expect that Great Western Bancorp will report full-year sales of $487.63 million for the current financial year, with estimates ranging from $486.74 million to $488.30 million. For the next fiscal year, analysts expect that the firm will report sales of $499.78 million, with estimates ranging from $491.85 million to $507.79 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Great Western Bancorp.
Great Western Bancorp (NYSE:GWB) last issued its earnings results on Thursday, July 25th. The bank reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.32). The business had revenue of $116.40 million for the quarter, compared to analyst estimates of $120.91 million. Great Western Bancorp had a net margin of 26.81% and a return on equity of 8.63%. During the same quarter last year, the firm posted $0.78 earnings per share.
A number of research firms have commented on GWB. Zacks Investment Research lowered shares of Great Western Bancorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 30th. Piper Jaffray Companies set a $36.00 price target on shares of Great Western Bancorp and gave the company a “hold” rating in a research report on Friday, July 19th. DA Davidson restated a “buy” rating on shares of Great Western Bancorp in a research report on Thursday, April 25th. Finally, Royal Bank of Canada set a $38.00 price target on shares of Great Western Bancorp and gave the company a “buy” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Great Western Bancorp presently has an average rating of “Hold” and a consensus price target of $38.00.
Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in Great Western Bancorp by 7.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,827,213 shares of the bank’s stock valued at $88,351,000 after buying an additional 193,531 shares in the last quarter. Norges Bank purchased a new position in shares of Great Western Bancorp during the 4th quarter worth $21,623,000. Geode Capital Management LLC lifted its stake in shares of Great Western Bancorp by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 622,174 shares of the bank’s stock worth $19,442,000 after purchasing an additional 36,718 shares during the period. Sciencast Management LP purchased a new position in shares of Great Western Bancorp during the 1st quarter worth $342,000. Finally, Tributary Capital Management LLC lifted its stake in shares of Great Western Bancorp by 29.4% during the 1st quarter. Tributary Capital Management LLC now owns 435,077 shares of the bank’s stock worth $13,744,000 after purchasing an additional 98,766 shares during the period. Hedge funds and other institutional investors own 99.04% of the company’s stock.
NYSE:GWB traded up $0.80 on Thursday, reaching $30.40. The stock had a trading volume of 383,200 shares, compared to its average volume of 423,028. The company has a market capitalization of $1.69 billion, a P/E ratio of 10.48, a price-to-earnings-growth ratio of 1.51 and a beta of 1.65. Great Western Bancorp has a 1-year low of $29.33 and a 1-year high of $44.60. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.38. The stock has a fifty day moving average price of $33.33 and a 200-day moving average price of $33.99.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $1.20 dividend on an annualized basis and a yield of 3.95%. Great Western Bancorp’s dividend payout ratio (DPR) is presently 41.38%.
Great Western Bancorp Company Profile
Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agri-business banking, retail banking, and wealth management services in the United States. The company offers noninterest-bearing demand accounts, interest-bearing demand accounts, interest-bearing non-transaction accounts, time deposits, and corporate credit cards.
Featured Story: Understanding Stock Ratings
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Great Western Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Western Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.