Zacks: Analysts Anticipate Great Western Bancorp, Inc. (NYSE:GWB) Will Post Quarterly Sales of $119.87 Million
Wall Street brokerages expect Great Western Bancorp, Inc. (NYSE:GWB) to report $119.87 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Great Western Bancorp’s earnings. The lowest sales estimate is $117.22 million and the highest is $121.65 million. Great Western Bancorp posted sales of $114.03 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.1%. The business is expected to report its next earnings results on Thursday, October 26th.
On average, analysts expect that Great Western Bancorp will report full year sales of $119.87 million for the current fiscal year, with estimates ranging from $455.22 million to $477.76 million. For the next year, analysts anticipate that the firm will post 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 a mean average based on a survey of sell-side analysts that follow Great Western Bancorp.
Great Western Bancorp (NYSE:GWB) last issued its earnings results on Thursday, July 27th. The bank reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The business had revenue of $114.22 million during the quarter, compared to analyst estimates of $117.10 million. Great Western Bancorp had a return on equity of 8.44% and a net margin of 28.55%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the business earned $0.59 EPS.
GWB has been the subject of a number of research reports. Zacks Investment Research cut Great Western Bancorp from a “hold” rating to a “sell” rating in a report on Monday, May 15th. Keefe, Bruyette & Woods restated a “buy” rating and set a $47.00 price objective on shares of Great Western Bancorp in a research note on Tuesday, May 30th. BidaskClub upgraded shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Royal Bank Of Canada restated a “buy” rating and set a $48.00 price objective on shares of Great Western Bancorp in a research note on Friday, July 7th. Finally, Piper Jaffray Companies set a $42.00 price objective on shares of Great Western Bancorp and gave the stock a “hold” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $45.56.
Great Western Bancorp (NYSE:GWB) traded down 1.89% during mid-day trading on Friday, reaching $37.99. The company had a trading volume of 257,131 shares. The stock has a market cap of $2.23 billion, a PE ratio of 15.91 and a beta of 1.69. Great Western Bancorp has a 12 month low of $31.51 and a 12 month high of $45.62. The firm’s 50-day moving average price is $39.85 and its 200-day moving average price is $41.28.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Friday, August 11th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.11%. Great Western Bancorp’s dividend payout ratio is 33.47%.
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In related news, insider Bryan Leighton Kindopp sold 766 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $40.95, for a total value of $31,367.70. Following the completion of the sale, the insider now directly owns 300 shares in the company, valued at approximately $12,285. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.19% of the company’s stock.
A number of large investors have recently modified their holdings of GWB. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Great Western Bancorp by 106.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,445 shares of the bank’s stock valued at $104,000 after buying an additional 1,263 shares during the period. Victory Capital Management Inc. increased its stake in shares of Great Western Bancorp by 2.7% in the first quarter. Victory Capital Management Inc. now owns 3,354 shares of the bank’s stock valued at $142,000 after buying an additional 88 shares during the period. Strs Ohio increased its stake in shares of Great Western Bancorp by 7.1% in the second quarter. Strs Ohio now owns 4,500 shares of the bank’s stock valued at $183,000 after buying an additional 300 shares during the period. Dubuque Bank & Trust Co. purchased a new stake in shares of Great Western Bancorp during the second quarter valued at about $199,000. Finally, Koch Industries Inc. purchased a new stake in shares of Great Western Bancorp during the first quarter valued at about $214,000.
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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