Great Western Bancorp Inc (NYSE:GWB) – Research analysts at Piper Jaffray Companies cut their Q1 2019 earnings per share (EPS) estimates for shares of Great Western Bancorp in a research report issued to clients and investors on Thursday, October 25th, Zacks Investment Research reports. Piper Jaffray Companies analyst N. Race now anticipates that the bank will post earnings per share of $0.77 for the quarter, down from their prior estimate of $0.82. Piper Jaffray Companies has a “Hold” rating and a $37.00 price target on the stock. Piper Jaffray Companies also issued estimates for Great Western Bancorp’s Q3 2019 earnings at $0.77 EPS, Q1 2020 earnings at $0.82 EPS, Q2 2020 earnings at $0.79 EPS, Q3 2020 earnings at $0.82 EPS, Q4 2020 earnings at $0.84 EPS and FY2020 earnings at $3.27 EPS.
Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings results on Thursday, October 25th. The bank reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.06). Great Western Bancorp had a return on equity of 9.51% and a net margin of 28.43%. The firm had revenue of $121.25 million for the quarter, compared to analyst estimates of $125.89 million.
Other research analysts also recently issued reports about the company. ValuEngine raised Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. Zacks Investment Research raised Great Western Bancorp from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Wednesday, July 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Great Western Bancorp presently has a consensus rating of “Hold” and an average target price of $46.57.
GWB stock traded down $0.17 during trading on Monday, reaching $36.86. 232,328 shares of the stock were exchanged, compared to its average volume of 630,276. Great Western Bancorp has a twelve month low of $31.54 and a twelve month high of $46.03. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.99 and a current ratio of 0.98. The company has a market cap of $2.18 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 1.40 and a beta of 1.58.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Friday, November 9th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Thursday, November 8th. Great Western Bancorp’s dividend payout ratio is currently 34.48%.
In other news, insider Kenneth James Karels sold 4,700 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $44.00, for a total value of $206,800.00. Following the completion of the transaction, the insider now directly owns 29,973 shares of the company’s stock, valued at $1,318,812. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Douglas Richard Bass sold 876 shares of the company’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $43.25, for a total value of $37,887.00. Following the completion of the transaction, the insider now directly owns 18,204 shares of the company’s stock, valued at $787,323. The disclosure for this sale can be found here. Insiders have sold a total of 6,822 shares of company stock valued at $299,823 over the last three months. Corporate insiders own 0.33% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in GWB. BlackRock Inc. grew its holdings in shares of Great Western Bancorp by 6.9% in the second quarter. BlackRock Inc. now owns 8,154,606 shares of the bank’s stock valued at $342,412,000 after acquiring an additional 524,152 shares in the last quarter. Macquarie Group Ltd. grew its holdings in shares of Great Western Bancorp by 8.5% in the third quarter. Macquarie Group Ltd. now owns 3,999,128 shares of the bank’s stock valued at $168,723,000 after acquiring an additional 314,739 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Great Western Bancorp by 11.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,567,587 shares of the bank’s stock valued at $107,814,000 after acquiring an additional 272,106 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Great Western Bancorp in the second quarter valued at approximately $10,258,000. Finally, FMR LLC grew its holdings in shares of Great Western Bancorp by 7.4% in the second quarter. FMR LLC now owns 2,644,413 shares of the bank’s stock valued at $111,039,000 after acquiring an additional 182,494 shares in the last quarter.
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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