Zacks: Analysts Anticipate Great Western Bancorp Inc (GWB) to Announce $0.71 Earnings Per Share

Equities research analysts forecast that Great Western Bancorp Inc (NYSE:GWB) will report earnings of $0.71 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Great Western Bancorp’s earnings. The lowest EPS estimate is $0.69 and the highest is $0.73. Great Western Bancorp reported earnings of $0.60 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 18.3%. The company is expected to report its next quarterly earnings report on Thursday, April 26th.

On average, analysts expect that Great Western Bancorp will report full-year earnings of $2.91 per share for the current year, with EPS estimates ranging from $2.72 to $3.00. For the next year, analysts expect that the business will post earnings of $3.27 per share, with EPS estimates ranging from $3.10 to $3.39. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Great Western Bancorp.

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Great Western Bancorp (NYSE:GWB) last released its earnings results 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. Great Western Bancorp had a return on equity of 8.66% and a net margin of 27.04%. The firm had revenue of $117.30 million for the quarter, compared to the consensus estimate of $118.85 million. During the same period in the prior year, the business posted $0.63 earnings per share.

Several equities analysts recently weighed in on the company. Sandler O’Neill set a $46.00 target price on Great Western Bancorp and gave the stock a “buy” rating in a research report on Tuesday. ValuEngine downgraded Great Western Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $47.00 target price on shares of Great Western Bancorp in a research report on Thursday, December 21st. Stephens reiterated a “buy” rating and set a $49.00 target price on shares of Great Western Bancorp in a research report on Friday, January 26th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $50.00 target price on shares of Great Western Bancorp in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. Great Western Bancorp has an average rating of “Hold” and an average price target of $46.64.

NYSE GWB traded up $0.12 during trading hours on Friday, hitting $40.27. 472,120 shares of the company’s stock were exchanged, compared to its average volume of 293,884. Great Western Bancorp has a 12-month low of $33.27 and a 12-month high of $45.62. The company has a market capitalization of $2,371.74, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.33 and a beta of 1.59. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47.

In other news, EVP Stephen John Ulenberg sold 3,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $41.81, for a total value of $125,430.00. Following the transaction, the executive vice president now directly owns 12,736 shares in the company, valued at approximately $532,492.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kenneth James Karels sold 1,510 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $45.00, for a total value of $67,950.00. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Great Western Bancorp by 3.4% in the 4th quarter. BlackRock Inc. now owns 7,582,407 shares of the bank’s stock worth $301,779,000 after purchasing an additional 246,788 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Great Western Bancorp by 2.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,082,287 shares of the bank’s stock valued at $82,875,000 after buying an additional 47,952 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of 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 valued at $66,805,000 after buying an additional 302,290 shares during the period. Wedge Capital Management L L P NC raised its holdings in shares of Great Western Bancorp by 4.4% during the 4th quarter. Wedge Capital Management L L P NC now owns 1,104,579 shares of the bank’s stock valued at $43,962,000 after buying an additional 46,614 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in shares of Great Western Bancorp by 8.2% during the 4th quarter. Lazard Asset Management LLC now owns 764,999 shares of the bank’s stock valued at $30,446,000 after buying an additional 58,020 shares during the period.

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

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