Analysts expect that Great Western Bancorp Inc (NYSE:GWB) will announce earnings of $0.79 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Great Western Bancorp’s earnings. The lowest EPS estimate is $0.76 and the highest is $0.81. Great Western Bancorp reported earnings per share of $0.69 during the same quarter last year, which suggests a positive year over year growth rate of 14.5%. The company is expected to issue its next earnings results before the market opens on Thursday, April 25th.
According to Zacks, analysts expect that Great Western Bancorp will report full year earnings of $3.19 per share for the current fiscal year, with EPS estimates ranging from $3.14 to $3.25. For the next fiscal year, analysts forecast that the company will report earnings of $3.33 per share, with EPS estimates ranging from $3.18 to $3.44. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Great Western Bancorp.
Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). Great Western Bancorp had a net margin of 30.47% and a return on equity of 9.62%. The business had revenue of $121.70 million during the quarter, compared to the consensus estimate of $121.78 million. During the same period in the previous year, the business posted $0.69 earnings per share. Great Western Bancorp’s revenue was up 2.0% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. First Quadrant L P CA boosted its position in shares of Great Western Bancorp by 321.7% during the first quarter. First Quadrant L P CA now owns 52,864 shares of the bank’s stock worth $1,670,000 after purchasing an additional 40,329 shares in the last quarter. Tributary Capital Management LLC boosted its position in shares of Great Western Bancorp by 29.4% during the first quarter. Tributary Capital Management LLC now owns 435,077 shares of the bank’s stock worth $13,744,000 after purchasing an additional 98,766 shares in the last quarter. Sciencast Management LP bought a new position in shares of Great Western Bancorp during the first quarter worth $342,000. Geode Capital Management LLC boosted its position in shares of Great Western Bancorp by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 622,174 shares of the bank’s stock worth $19,442,000 after purchasing an additional 36,718 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Great Western Bancorp during the fourth quarter worth $21,623,000.
GWB stock traded down $0.39 during midday trading on Friday, reaching $33.61. The company’s stock had a trading volume of 203,265 shares, compared to its average volume of 310,454. Great Western Bancorp has a 52 week low of $29.52 and a 52 week high of $46.03. The stock has a market cap of $1.93 billion, a PE ratio of 11.59, a PEG ratio of 1.43 and a beta of 1.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 0.98.
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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