$117.86 Million in Sales Expected for Great Western Bancorp, Inc. (NYSE:GWB) This Quarter

April 8th, 2021 - By Jessica Moore - Comments Off

Analysts expect Great Western Bancorp, Inc. (NYSE:GWB) to post $117.86 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Great Western Bancorp’s earnings. The highest sales estimate is $122.00 million and the lowest is $113.71 million. Great Western Bancorp posted sales of $101.90 million during the same quarter last year, which suggests a positive year over year growth rate of 15.7%. The company is scheduled to report its next earnings results on Thursday, April 29th.

On average, analysts expect that Great Western Bancorp will report full year sales of $477.63 million for the current financial year, with estimates ranging from $463.15 million to $490.75 million. For the next fiscal year, analysts anticipate that the business will post sales of $473.45 million, with estimates ranging from $444.62 million to $504.73 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Great Western Bancorp.

Great Western Bancorp (NYSE:GWB) last issued its quarterly earnings data on Tuesday, January 26th. The bank reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.36. Great Western Bancorp had a positive return on equity of 6.62% and a negative net margin of 137.93%. The company had revenue of $122.10 million for the quarter, compared to the consensus estimate of $116.48 million. During the same quarter last year, the business posted $0.77 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year.

GWB has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Great Western Bancorp from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Thursday, January 7th. JPMorgan Chase & Co. upgraded shares of Great Western Bancorp from an “underweight” rating to a “neutral” rating and set a $26.00 price objective on the stock in a research report on Thursday, January 28th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $19.00.

In other news, insider Andrew James Pederson sold 1,200 shares of the business’s stock in a transaction that occurred on Thursday, March 11th. The shares were sold at an average price of $32.14, for a total value of $38,568.00. Company insiders own 0.47% of the company’s stock.

Large investors have recently made changes to their positions in the company. Everence Capital Management Inc. bought a new stake in shares of Great Western Bancorp in the 1st quarter valued at about $348,000. Susquehanna International Group LLP increased its stake in Great Western Bancorp by 96.9% in the 4th quarter. Susquehanna International Group LLP now owns 32,219 shares of the bank’s stock worth $673,000 after purchasing an additional 15,857 shares during the period. Norges Bank bought a new stake in Great Western Bancorp in the fourth quarter valued at approximately $18,929,000. Phocas Financial Corp. purchased a new stake in shares of Great Western Bancorp during the fourth quarter valued at approximately $3,751,000. Finally, West Financial Advisors LLC bought a new position in shares of Great Western Bancorp in the fourth quarter worth approximately $105,000. 96.37% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:GWB opened at $31.39 on Thursday. The stock has a market cap of $1.73 billion, a P/E ratio of -2.58 and a beta of 1.33. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The business’s 50-day moving average price is $30.09 and its two-hundred day moving average price is $21.44. Great Western Bancorp has a twelve month low of $10.86 and a twelve month high of $34.75.

The company also recently announced a quarterly dividend, which was paid on Friday, February 26th. Shareholders of record on Friday, February 12th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.13%. The ex-dividend date was Thursday, February 11th. Great Western Bancorp’s dividend payout ratio is currently 2.50%.

About Great Western Bancorp

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.

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$117.86 Million in Sales Expected for Great Western Bancorp, Inc. (NYSE:GWB) This Quarter