Great Western Bancorp, Inc. (NYSE:GWB) is reporting fourth quarter earnings results on Wednesday 28th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.40 per share.
For the full year, analysts predict revenues of $ 439.70 million, while looking forward to income of $ 0.76 per share.
Previous Quarter Performance
Great Western Bancorp, Inc. reported income for the third quarter of $ 0.10 per share, from the revenue of $ 94.57 million. The quarterly earnings dropped 78.72 percent compared with the same quarter last year. According to street consensus, GWB was expected to report 3Q20 income of $ 0.20 per share from revenue of $ 116.92 million. The bottom line results missed street analysts by $ 0.1 or 50 percent, at the same time, top line results fell short of analysts by $ 22.35 million or 19.12 percent.
Stock Performance
Shares of Great Western Bancorp, Inc. traded low $ -0.60 or -4.03 percent on Tuesday, reaching $ 14.28 with volume of 162.20 thousand shares. Great Western Bancorp, Inc. has traded high as $ 14.83 and has cracked $ 14.23 on the downward trend
According to the previous trading day, closing price of $ 14.28, representing a 37.02 % increase from the 52 week low of $ 10.86 and a 59.1 % decrease over the 52 week high of $ 36.38.
The company has a market capital of $ 785.60 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 29th September 2020, maintained by Piper Sandler at Neutral rating, with $ 13.00 target price.
- On 16th September 2020, upgraded by DA Davidson to Buy from Neutral rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.01 per share on July 29, 2020. The dividend were payable on August 27, 2020 to holders of record as of the close of business on August 13, 2020 and ex-dividend date on August 12, 2020.
Conference Call
Great Western Bancorp, Inc. will be hosting a conference call at 8:30 AM eastern time on 28th October 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.greatwesternbank.com
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.
