Analysts Anticipate Great Western Bancorp Inc (GWB) to Post $0.63 EPS

Equities analysts predict that Great Western Bancorp Inc (NYSE:GWB) will post earnings per share (EPS) of $0.63 for the current quarter, according to Zacks. Two analysts have issued estimates for Great Western Bancorp’s earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.64. Great Western Bancorp also posted earnings per share of $0.63 during the same quarter last year. The firm is expected to announce its next quarterly earnings report on Thursday, January 25th.

According to Zacks, analysts expect that Great Western Bancorp will report full year earnings of $2.59 per share for the current financial year, with EPS estimates ranging from $2.50 to $2.65. For the next financial year, analysts expect that the business will post earnings of $2.85 per share, with EPS estimates ranging from $2.75 to $2.93. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Great Western Bancorp.

Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings results on Thursday, October 26th. The bank reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The company had revenue of $116.50 million during the quarter, compared to analysts’ expectations of $117.75 million. Great Western Bancorp had a return on equity of 8.45% and a net margin of 29.09%. During the same period in the previous year, the business earned $0.57 earnings per share.

Several research firms recently issued reports on GWB. ValuEngine raised Great Western Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. TheStreet lowered Great Western Bancorp from a “b” rating to a “c” rating in a research note on Thursday, September 7th. B. Riley lowered Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 price objective for the company. in a research note on Wednesday, November 1st. FBR & Co lowered Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 price objective for the company. in a research note on Tuesday, October 31st. Finally, Royal Bank of Canada reissued a “buy” rating and set a $46.00 price objective on shares of Great Western Bancorp in a research note on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $45.33.

In other Great Western Bancorp news, CFO Peter Robert Chapman sold 7,006 shares of Great Western Bancorp stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $40.22, for a total transaction of $281,781.32. Following the completion of the sale, the chief financial officer now owns 24,545 shares of the company’s stock, valued at $987,199.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Bryan Leighton Kindopp sold 1,304 shares of Great Western Bancorp stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $40.21, for a total value of $52,433.84. Following the sale, the insider now directly owns 4,217 shares of the company’s stock, valued at approximately $169,565.57. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,545 shares of company stock valued at $2,921,722. Corporate insiders own 0.23% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. lifted its stake in shares of Great Western Bancorp by 8.1% in the 3rd quarter. Macquarie Group Ltd. now owns 3,574,672 shares of the bank’s stock valued at $147,562,000 after acquiring an additional 269,230 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Great Western Bancorp by 17.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,044,994 shares of the bank’s stock valued at $125,698,000 after acquiring an additional 460,107 shares during the last quarter. State Street Corp lifted its stake in shares of Great Western Bancorp by 10.6% in the 2nd quarter. State Street Corp now owns 2,699,137 shares of the bank’s stock valued at $110,148,000 after acquiring an additional 259,443 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Great Western Bancorp by 6.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,445,666 shares of the bank’s stock valued at $99,807,000 after acquiring an additional 147,426 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its stake in shares of Great Western Bancorp by 13.3% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,796,874 shares of the bank’s stock valued at $73,157,000 after acquiring an additional 210,971 shares during the last quarter.

Great Western Bancorp (NYSE:GWB) opened at $39.80 on Friday. The firm has a market capitalization of $2,371.22, a price-to-earnings ratio of 16.18, a PEG ratio of 2.02 and a beta of 1.69. Great Western Bancorp has a 52-week low of $33.27 and a 52-week high of $45.62. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.02 and a quick ratio of 1.02.

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About Great Western Bancorp

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

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