Great Western Bancorp Inc (GWB) to Issue Quarterly Dividend of $0.30 on August 23rd

Great Western Bancorp Inc (NYSE:GWB) announced a quarterly dividend on Thursday, July 25th, NASDAQ reports. Investors of record on Friday, August 9th will be paid a dividend of 0.30 per share by the bank on Friday, August 23rd. This represents a $1.20 annualized dividend and a dividend yield of 3.94%. The ex-dividend date is Thursday, August 8th.

Great Western Bancorp has raised its dividend by an average of 23.9% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Great Western Bancorp has a payout ratio of 39.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Great Western Bancorp to earn $3.12 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 38.5%.

Shares of NYSE:GWB opened at $30.48 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.32. The stock has a market cap of $1.80 billion, a P/E ratio of 10.51, a PEG ratio of 1.58 and a beta of 1.65. Great Western Bancorp has a 52 week low of $29.52 and a 52 week high of $44.60. The company has a 50 day moving average price of $34.25.

Great Western Bancorp (NYSE:GWB) last issued its quarterly earnings results on Thursday, July 25th. The bank reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.32). The firm had revenue of $116.40 million during the quarter, compared to analysts’ expectations of $120.91 million. Great Western Bancorp had a net margin of 26.81% and a return on equity of 8.63%. During the same quarter last year, the company posted $0.78 EPS. As a group, sell-side analysts predict that Great Western Bancorp will post 2.89 EPS for the current year.

Several equities research analysts recently commented on GWB shares. DA Davidson restated a “buy” rating on shares of Great Western Bancorp in a research report on Thursday, April 25th. Zacks Investment Research downgraded shares of Great Western Bancorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 30th. Piper Jaffray Companies set a $36.00 price objective on shares of Great Western Bancorp and gave the company a “hold” rating in a research note on Friday, July 19th. Finally, Royal Bank of Canada set a $38.00 price objective on shares of Great Western Bancorp and gave the company a “buy” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Great Western Bancorp has an average rating of “Hold” and a consensus target price of $38.00.

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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Dividend History for Great Western Bancorp (NYSE:GWB)

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