Great Western Bancorp, Inc. (NYSE:GWB) Expected to Post Earnings of $0.75 Per Share

Brokerages expect Great Western Bancorp, Inc. (NYSE:GWB) to post $0.75 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Great Western Bancorp’s earnings. The lowest EPS estimate is $0.69 and the highest is $0.85. Great Western Bancorp also posted earnings of $0.75 per share during the same quarter last year. The company is expected to announce its next earnings results on Wednesday, January 26th.

On average, analysts expect that Great Western Bancorp will report full-year earnings of $2.76 per share for the current financial year, with EPS estimates ranging from $2.60 to $3.05. For the next year, analysts forecast that the company will report earnings of $2.78 per share, with EPS estimates ranging from $2.60 to $2.90. 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 issued its quarterly earnings results on Monday, October 25th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.18. Great Western Bancorp had a return on equity of 17.97% and a net margin of 41.34%. During the same period last year, the firm earned $0.20 EPS.

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada lowered Great Western Bancorp from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $35.00 to $33.00 in a research report on Friday, September 17th. Zacks Investment Research downgraded Great Western Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, September 30th. Finally, DA Davidson downgraded Great Western Bancorp from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $38.00 to $36.00 in a research note on Friday, September 17th. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.75.

Shares of NYSE:GWB traded down $0.51 during trading on Friday, reaching $35.59. 126,771 shares of the stock were exchanged, compared to its average volume of 382,659. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.87 and a current ratio of 0.83. Great Western Bancorp has a 1-year low of $16.39 and a 1-year high of $37.60. The stock has a fifty day moving average price of $33.31. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 9.70 and a beta of 1.21.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 26th. Stockholders of record on Friday, November 12th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, November 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.56%. Great Western Bancorp’s payout ratio is 5.45%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Versor Investments LP purchased a new position in shares of Great Western Bancorp during the 3rd quarter valued at about $50,518,000. Magnetar Financial LLC bought a new position in Great Western Bancorp during the 3rd quarter worth approximately $25,981,000. Peregrine Capital Management LLC bought a new position in Great Western Bancorp during the 2nd quarter worth approximately $15,386,000. Nordea Investment Management AB grew its position in shares of Great Western Bancorp by 103.9% in the 3rd quarter. Nordea Investment Management AB now owns 790,306 shares of the bank’s stock worth $25,906,000 after buying an additional 402,629 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC grew its position in shares of Great Western Bancorp by 31.9% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,631,889 shares of the bank’s stock worth $53,510,000 after buying an additional 394,225 shares during the last quarter. 98.92% of the stock is currently owned by institutional investors and hedge funds.

Great Western Bancorp Company Profile

Great Western Bancorp, Inc operates as a bank holding company. The firm engages in the provision of relationship-based business and agri-business banking services. It also offers deposit and loan products to its retail customers through several channels, including its branch network, online banking system, mobile banking applications and customer care centers.

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Earnings History and Estimates for Great Western Bancorp (NYSE:GWB)

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