Wall Street brokerages expect Great Western Bancorp Inc (NYSE:GWB) to announce sales of $123.03 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Great Western Bancorp’s earnings, with the highest sales estimate coming in at $124.00 million and the lowest estimate coming in at $122.10 million. Great Western Bancorp reported sales of $121.25 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.5%. The firm is expected to issue its next earnings report on Thursday, October 24th.

On average, analysts expect that Great Western Bancorp will report full year sales of $487.63 million for the current financial year, with estimates ranging from $486.74 million to $488.30 million. For the next financial year, analysts anticipate that the firm will report sales of $499.78 million, with estimates ranging from $491.85 million to $507.79 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Great Western Bancorp.

Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings results on Thursday, July 25th. The bank reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.32). Great Western Bancorp had a net margin of 26.81% and a return on equity of 8.63%. The business had revenue of $116.40 million for the quarter, compared to analysts’ expectations of $120.91 million. During the same quarter in the previous year, the company earned $0.78 earnings per share.

GWB has been the subject of several analyst reports. Piper Jaffray Companies set a $36.00 price target on shares of Great Western Bancorp and gave the company a “hold” rating in a research report on Friday, July 19th. Royal Bank of Canada set a $38.00 price objective on shares of Great Western Bancorp and gave the company a “buy” rating in a research note on Friday, July 26th. DA Davidson reaffirmed a “buy” rating on shares of Great Western Bancorp in a research note on Thursday, April 25th. Finally, Zacks Investment Research downgraded shares of Great Western Bancorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $38.00.

Large investors have recently modified their holdings of the company. Arizona State Retirement System raised its stake in Great Western Bancorp by 0.6% in the second quarter. Arizona State Retirement System now owns 88,325 shares of the bank’s stock worth $3,155,000 after buying an additional 490 shares in the last quarter. Norges Bank bought a new position in Great Western Bancorp in the fourth quarter worth about $21,623,000. Great West Life Assurance Co. Can raised its stake in Great Western Bancorp by 2.1% in the first quarter. Great West Life Assurance Co. Can now owns 77,884 shares of the bank’s stock worth $2,459,000 after buying an additional 1,616 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in Great Western Bancorp by 39.5% in the first quarter. Westwood Holdings Group Inc. now owns 966,178 shares of the bank’s stock worth $30,522,000 after buying an additional 273,670 shares in the last quarter. Finally, Dupont Capital Management Corp raised its stake in Great Western Bancorp by 414.9% in the first quarter. Dupont Capital Management Corp now owns 79,780 shares of the bank’s stock worth $2,520,000 after buying an additional 64,285 shares in the last quarter. 99.50% of the stock is owned by hedge funds and other institutional investors.

NYSE GWB traded up $0.04 during trading on Thursday, hitting $30.10. 279,519 shares of the company’s stock traded hands, compared to its average volume of 351,843. The stock has a fifty day moving average of $32.69 and a two-hundred day moving average of $33.86. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.97 and a quick ratio of 0.97. Great Western Bancorp has a 12-month low of $29.33 and a 12-month high of $44.60. The firm has a market cap of $1.74 billion, a P/E ratio of 10.38, a PEG ratio of 1.56 and a beta of 1.65.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Thursday, August 8th. Great Western Bancorp’s dividend payout ratio (DPR) is 41.38%.

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

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