Great Western Bancorp Inc (NYSE:GWB) announced a quarterly dividend on Wednesday, July 29th, Zacks reports. Investors of record on Thursday, August 13th will be paid a dividend of 0.01 per share by the bank on Thursday, August 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Wednesday, August 12th.
Great Western Bancorp has raised its dividend by an average of 94.9% annually over the last three years and has increased its dividend every year for the last 4 years. Great Western Bancorp has a dividend payout ratio of 55.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Great Western Bancorp to earn $1.70 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 35.3%.
Shares of Great Western Bancorp stock traded down $0.23 during trading hours on Thursday, reaching $12.45. 5,032 shares of the company’s stock were exchanged, compared to its average volume of 517,750. Great Western Bancorp has a 52-week low of $10.86 and a 52-week high of $36.65. The company has a fifty day moving average of $13.84 and a 200-day moving average of $20.45. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $685.43 million, a price-to-earnings ratio of -1.14, a price-to-earnings-growth ratio of 4.70 and a beta of 1.17.
Great Western Bancorp (NYSE:GWB) last released its earnings results on Wednesday, July 29th. The bank reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.10). Great Western Bancorp had a negative net margin of 107.84% and a positive return on equity of 8.76%. The business had revenue of $108.19 million during the quarter, compared to analyst estimates of $117.15 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The business’s revenue for the quarter was down 27.4% compared to the same quarter last year. On average, equities research analysts anticipate that Great Western Bancorp will post 1.28 earnings per share for the current fiscal year.
Several equities analysts recently commented on GWB shares. ValuEngine raised shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 15th. TheStreet lowered Great Western Bancorp from a “c” rating to a “d” rating in a research report on Thursday, April 30th. Zacks Investment Research raised Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, June 8th. JPMorgan Chase & Co. downgraded Great Western Bancorp from a “neutral” rating to an “underweight” rating and set a $15.00 price objective on the stock. in a report on Monday, May 4th. Finally, Keefe, Bruyette & Woods cut Great Western Bancorp from an “outperform” rating to a “market perform” rating and set a $26.00 target price for the company. in a report on Wednesday, April 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Great Western Bancorp has a consensus rating of “Hold” and a consensus price target of $25.67.
Great Western Bancorp Company Profile
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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