Brokers Issue Forecasts for Great Western Bancorp, Inc.’s Q1 2018 Earnings (GWB)
Great Western Bancorp, Inc. (NYSE:GWB) – Analysts at FBR & Co lowered their Q1 2018 earnings estimates for shares of Great Western Bancorp in a note issued to investors on Tuesday. FBR & Co analyst S. Moss now anticipates that the bank will post earnings per share of $0.63 for the quarter, down from their previous forecast of $0.65. FBR & Co currently has a “Neutral” rating and a $44.00 target price on the stock. FBR & Co also issued estimates for Great Western Bancorp’s Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.65 EPS, FY2018 earnings at $2.50 EPS, Q1 2019 earnings at $0.69 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.68 EPS, Q4 2019 earnings at $0.72 EPS and FY2019 earnings at $2.75 EPS.
Great Western Bancorp (NYSE:GWB) last released its quarterly earnings results on Thursday, October 26th. The bank reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The company had revenue of $116.50 million for the quarter, compared to analysts’ expectations of $117.75 million. Great Western Bancorp had a return on equity of 8.45% and a net margin of 29.09%. During the same period in the previous year, the business posted $0.57 earnings per share.
Several other equities analysts have also commented on GWB. Royal Bank Of Canada reiterated a “buy” rating and set a $48.00 price objective on shares of Great Western Bancorp in a research report on Friday, July 7th. BidaskClub lowered Great Western Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Zacks Investment Research upgraded Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Piper Jaffray Companies set a $42.00 price objective on Great Western Bancorp and gave the company a “hold” rating in a research report on Thursday, July 27th. Finally, Stephens set a $46.00 price objective on Great Western Bancorp and gave the company a “buy” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.38.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Friday, November 10th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.80 annualized dividend and a yield of 1.96%. Great Western Bancorp’s payout ratio is 32.52%.
In related news, EVP Stephen John Ulenberg sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $41.80, for a total transaction of $125,400.00. Following the transaction, the executive vice president now directly owns 14,136 shares in the company, valued at approximately $590,884.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Peter Robert Chapman sold 7,006 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $40.22, for a total value of $281,781.32. Following the transaction, the chief financial officer now owns 24,545 shares in the company, valued at $987,199.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,280 shares of company stock worth $2,829,831. 0.23% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Amalgamated Bank grew its position in Great Western Bancorp by 1.1% during the 2nd quarter. Amalgamated Bank now owns 8,079 shares of the bank’s stock worth $330,000 after acquiring an additional 85 shares during the last quarter. Victory Capital Management Inc. grew its position in Great Western Bancorp by 2.7% during the 1st quarter. Victory Capital Management Inc. now owns 3,354 shares of the bank’s stock worth $142,000 after acquiring an additional 88 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Great Western Bancorp by 9.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,668 shares of the bank’s stock worth $109,000 after acquiring an additional 223 shares during the last quarter. Strs Ohio grew its position in Great Western Bancorp by 7.1% during the 2nd quarter. Strs Ohio now owns 4,500 shares of the bank’s stock worth $183,000 after acquiring an additional 300 shares during the last quarter. Finally, Pinebridge Investments L.P. grew its position in Great Western Bancorp by 0.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 71,047 shares of the bank’s stock worth $2,899,000 after acquiring an additional 303 shares during the last quarter.
About Great Western Bancorp
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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