$ 109.34 million in expected sales for Great Western Bancorp, Inc. (NYSE: GWB) this quarter
Brokerages expect Great Western Bancorp, Inc. (NYSE: GWB) to report revenue of $ 109.34 million for the current quarter, according to Zacks Investment Research. Six analysts made estimates for Great Western Bancorp’s earnings. The lowest sales estimate is $ 106.96 million and the highest is $ 112.00 million. Great Western Bancorp posted sales of $ 122.06 million in the same quarter last year, which would indicate a negative growth rate of 10.4% year-over-year. The company is expected to release its next earnings report on Wednesday, January 26.
Zacks says analysts expect Great Western Bancorp to record annual sales of $ 438.00 million for the current fiscal year, with estimates ranging from $ 414.49 million to $ 451.86 million . For next year, analysts predict the company will post sales of $ 464.10 million, with estimates ranging from $ 422.48 million to $ 479.06 million. Zacks’ sales calculations are an average based on a survey of research analysts who provide coverage for Great Western Bancorp.
Great Western Bancorp (NYSE: GWB) last released its quarterly results on Monday, October 25. The bank announced EPS of $ 0.93 for the quarter, beating the Zacks’ consensus estimate by $ 0.75 by $ 0.18. Great Western Bancorp had a net margin of 41.34% and a return on equity of 17.97%. The company posted revenue of $ 109.34 million for the quarter, against analysts’ expectations of $ 111.27 million. In the same quarter of the previous year, the company posted earnings of $ 0.20 per share.
GWB has been the subject of several analyst reports. DA Davidson downgraded Great Western Bancorp from a ‘buy’ rating to a ‘neutral’ rating and cut its price target for the stock from $ 38.00 to $ 36.00 in a research note on Friday September 17. Royal Bank of Canada downgraded Great Western Bancorp shares from an “outperformance” rating to a “sector performance” rating and lowered its target share price from $ 35 to $ 33.00 in a rating research on Friday, September 17. Finally, Zacks Investment Research downgraded Great Western Bancorp’s stock rating from a “buy” rating to a “hold” rating in a research report released on Thursday, September 30. Four analysts rated the stock with a conservation rating. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $ 32.75.
NYSE: GWB opened at $ 33.96 on Friday. The company’s 50-day mobile average price is $ 34.14, and its 200-day mobile average price is $ 32.55. Great Western Bancorp has a 52 week low of $ 20.02 and a 52 week high of $ 37.60. The stock has a market cap of $ 1.87 billion, a price-to-earnings ratio of 9.25 and a beta of 1.17. The company has a quick ratio of 0.84, a current ratio of 0.84, and a debt ratio of 0.19.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 26. Investors registered on Friday, November 12 received a dividend of $ 0.05. This represents an annualized dividend of $ 0.20 and a dividend yield of 0.59%. The ex-dividend date was Wednesday, November 10. Great Western Bancorp’s dividend payout ratio (DPR) is 5.45%.
A number of hedge funds have recently changed their holdings of equities. Zacks Investment Management increased its position in Great Western Bancorp shares by 5.8% in the second quarter. Zacks Investment Management now owns 43,874 shares of the bank valued at $ 1,439,000 after purchasing an additional 2,410 shares in the last quarter. Bank of Montreal Can increased its position in Great Western Bancorp by 29.0% during the second quarter. Bank of Montreal Can now owns 495,602 shares of the bank valued at $ 16,830,000 after purchasing an additional 111,274 shares in the last quarter. Cramer Rosenthal Mcglynn LLC increased its position in Great Western Bancorp by 31.9% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,631,889 shares of the bank valued at $ 53,510,000 after purchasing an additional 394,225 shares during the last quarter. FORA Capital LLC acquired a new position in Great Western Bancorp shares in the second quarter valued at $ 94,000. Finally, AQR Capital Management LLC purchased a new equity stake in Great Western Bancorp in the second quarter valued at $ 468,000. 98.92% of the shares are held by hedge funds and other institutional investors.
Great Western Bancorp Company Profile
Great Western Bancorp, Inc. operates as a bank holding company. The company provides relationship-based commercial and agri-food banking services. It also offers deposit and loan products to its retail customers through multiple channels, including its branch network, online banking system, mobile banking apps and customer service centers.
See also: Growth and Income Fund
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