Analysts predict that Great Western Bancorp, Inc. (NYSE:GWB) will announce $118.46 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Great Western Bancorp’s earnings. The lowest sales estimate is $116.92 million and the highest is $120.00 million. Great Western Bancorp reported sales of $94.57 million during the same quarter last year, which indicates a positive year-over-year growth rate of 25.3%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, August 4th.
On average, analysts expect that Great Western Bancorp will report full-year sales of $484.39 million for the current financial year, with estimates ranging from $480.25 million to $487.91 million. For the next year, analysts forecast that the firm will report sales of $474.15 million, with estimates ranging from $461.70 million to $484.76 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Great Western Bancorp.
Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data on Wednesday, April 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.32. Great Western Bancorp had a return on equity of 9.73% and a net margin of 22.88%. The business had revenue of $120.06 million during the quarter, compared to analysts’ expectations of $118.58 million. During the same quarter last year, the business posted $0.52 EPS.
Great Western Bancorp stock traded up $0.65 during trading on Friday, reaching $34.74. The stock had a trading volume of 5,329 shares, compared to its average volume of 372,343. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.88 and a current ratio of 0.88. Great Western Bancorp has a 52-week low of $11.66 and a 52-week high of $35.18. The stock has a market capitalization of $1.91 billion, a PE ratio of 17.22 and a beta of 1.32. The firm has a 50 day moving average of $33.31.
The business also recently announced a quarterly dividend, which was paid on Friday, May 28th. Stockholders of record on Friday, May 14th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.12%. The ex-dividend date was Thursday, May 13th. Great Western Bancorp’s payout ratio is 2.50%.
Large investors have recently made changes to their positions in the stock. Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in Great Western Bancorp in the first quarter valued at $1,124,000. Kennedy Capital Management Inc. acquired a new stake in shares of Great Western Bancorp during the fourth quarter worth about $7,736,000. New York State Common Retirement Fund lifted its holdings in shares of Great Western Bancorp by 40.1% in the 4th quarter. New York State Common Retirement Fund now owns 72,005 shares of the bank’s stock valued at $1,505,000 after purchasing an additional 20,605 shares during the last quarter. Citigroup Inc. boosted its position in shares of Great Western Bancorp by 9.5% in the 4th quarter. Citigroup Inc. now owns 17,624 shares of the bank’s stock valued at $368,000 after purchasing an additional 1,522 shares during the period. Finally, FJ Capital Management LLC boosted its position in shares of Great Western Bancorp by 24.4% in the 4th quarter. FJ Capital Management LLC now owns 1,648,000 shares of the bank’s stock valued at $34,448,000 after purchasing an additional 323,000 shares during the period. Hedge funds and other institutional investors own 97.74% of the company’s stock.
About Great Western Bancorp
Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agri-business banking, retail banking, and wealth management services in the United States. The company offers noninterest-bearing demand accounts, interest-bearing demand accounts, interest-bearing non-transaction accounts, time deposits, and corporate credit cards.
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