$0.78 EPS Expected for Great Western Bancorp Inc (GWB) This Quarter

Equities research analysts predict that Great Western Bancorp Inc (NYSE:GWB) will announce earnings per share (EPS) of $0.78 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Great Western Bancorp’s earnings. The lowest EPS estimate is $0.76 and the highest is $0.79. Great Western Bancorp posted earnings per share of $0.64 during the same quarter last year, which suggests a positive year-over-year growth rate of 21.9%. The firm is expected to issue its next earnings results before the market opens on Thursday, October 25th.

According to Zacks, analysts expect that Great Western Bancorp will report full-year earnings of $3.00 per share for the current fiscal year, with EPS estimates ranging from $2.94 to $3.08. For the next year, analysts anticipate that the firm will report earnings of $3.34 per share, with EPS estimates ranging from $3.25 to $3.44. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Great Western Bancorp.

Great Western Bancorp (NYSE:GWB) last released its quarterly earnings data on Thursday, July 26th. The bank reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. Great Western Bancorp had a net margin of 28.45% and a return on equity of 9.36%. The company had revenue of $123.61 million for the quarter, compared to analysts’ expectations of $121.23 million. During the same quarter last year, the company earned $0.59 earnings per share. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis.

A number of analysts have weighed in on the stock. ValuEngine raised shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, July 26th. Zacks Investment Research raised shares of Great Western Bancorp from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Tuesday, July 17th. Finally, B. Riley raised their price objective on shares of Great Western Bancorp from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, June 19th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $46.33.

GWB stock traded up $0.02 during midday trading on Wednesday, reaching $40.12. 1,956 shares of the company were exchanged, compared to its average volume of 239,454. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24. Great Western Bancorp has a 1-year low of $37.65 and a 1-year high of $46.03. The stock has a market cap of $2.49 billion, a P/E ratio of 16.34, a PEG ratio of 1.16 and a beta of 1.53.

In other news, insider Kenneth James Karels sold 4,700 shares of Great Western Bancorp stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $44.00, for a total value of $206,800.00. Following the transaction, the insider now directly owns 29,973 shares of the company’s stock, valued at approximately $1,318,812. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Douglas Richard Bass sold 876 shares of Great Western Bancorp stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $43.25, for a total transaction of $37,887.00. Following the completion of the transaction, the insider now directly owns 18,204 shares in the company, valued at $787,323. The disclosure for this sale can be found here. Insiders sold a total of 11,822 shares of company stock worth $519,123 over the last ninety days. Corporate insiders own 0.33% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its stake in Great Western Bancorp by 209.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 23,860 shares of the bank’s stock valued at $1,007,000 after buying an additional 16,140 shares during the period. Bank of Montreal Can increased its stake in Great Western Bancorp by 30.4% in the 3rd quarter. Bank of Montreal Can now owns 162,530 shares of the bank’s stock valued at $6,858,000 after buying an additional 37,861 shares during the period. United Services Automobile Association increased its stake in Great Western Bancorp by 16.2% in the 2nd quarter. United Services Automobile Association now owns 378,993 shares of the bank’s stock valued at $15,914,000 after buying an additional 52,720 shares during the period. Northern Trust Corp increased its stake in Great Western Bancorp by 0.8% in the 2nd quarter. Northern Trust Corp now owns 1,360,607 shares of the bank’s stock valued at $57,132,000 after buying an additional 10,563 shares during the period. Finally, FMR LLC increased its stake in Great Western Bancorp by 7.4% in the 2nd quarter. FMR LLC now owns 2,644,413 shares of the bank’s stock valued at $111,039,000 after buying an additional 182,494 shares during the period.

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.

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

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