Q1 2019 EPS Estimates for Great Western Bancorp Boosted by Analyst (GWB)

Great Western Bancorp (NYSE:GWB) – Analysts at B. Riley raised their Q1 2019 earnings estimates for Great Western Bancorp in a report released on Thursday, April 12th. B. Riley analyst S. Moss now anticipates that the bank will earn $0.80 per share for the quarter, up from their prior forecast of $0.79.

Several other brokerages have also weighed in on GWB. Royal Bank of Canada reiterated a “buy” rating and set a $50.00 price objective on shares of Great Western Bancorp in a report on Thursday, January 25th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $51.00 price objective on shares of Great Western Bancorp in a report on Thursday, January 25th. Zacks Investment Research lowered shares of Great Western Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Stephens reiterated a “buy” rating and set a $49.00 price objective on shares of Great Western Bancorp in a report on Friday, January 26th. Finally, ValuEngine upgraded shares of Great Western Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $46.30.

Shares of GWB stock opened at $39.53 on Monday. The stock has a market cap of $2,348.19, a PE ratio of 16.07, a P/E/G ratio of 1.20 and a beta of 1.57. Great Western Bancorp has a 1-year low of $33.27 and a 1-year high of $45.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.03 and a current ratio of 1.03.

Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.09. The business had revenue of $117.30 million for the quarter, compared to analyst estimates 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 in the prior year, the firm posted $0.63 EPS.

A number of institutional investors and hedge funds have recently bought and sold shares of GWB. Dimensional Fund Advisors LP increased its position in Great Western Bancorp by 23.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,618,372 shares of the bank’s stock worth $66,805,000 after purchasing an additional 302,290 shares in the last quarter. BlackRock Inc. grew its position in Great Western Bancorp by 3.4% in the fourth 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. Deutsche Bank AG grew its position in Great Western Bancorp by 35.1% in the fourth quarter. Deutsche Bank AG now owns 391,301 shares of the bank’s stock valued at $15,571,000 after acquiring an additional 101,577 shares in the last quarter. Snow Capital Management LP grew its position in Great Western Bancorp by 41.7% in the fourth quarter. Snow Capital Management LP now owns 276,602 shares of the bank’s stock valued at $11,009,000 after acquiring an additional 81,408 shares in the last quarter. Finally, Arizona State Retirement System grew its position in Great Western Bancorp by 224.2% in the fourth quarter. Arizona State Retirement System now owns 98,885 shares of the bank’s stock valued at $3,936,000 after acquiring an additional 68,385 shares in the last quarter.

In related news, insider Kenneth James Karels sold 1,510 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen John Ulenberg sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $41.81, for a total transaction of $125,430.00. Following the sale, the executive vice president now directly owns 12,736 shares of the company’s stock, valued at approximately $532,492.16. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

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Great Western Bancorp Company Profile

Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agribusiness banking, retail banking, and wealth management services. The company offers non-interest-bearing demand accounts, interest-bearing savings and money market accounts, individual retirement accounts, and time certificates of deposits, as well as NOW accounts.

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

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