Great Western Bancorp Inc (GWB) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.55 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.52. The company posted revenue of $95.34 million in the period, compared to analysts expectations of $95.44 million. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.
Great Western Bancorp Inc closed down -0.46 points or -1.52% at $29.75 with 5,40,565 shares getting traded on Wednesday. Post opening the session at $30.18, the shares hit an intraday low of $29.41 and an intraday high of $30.27 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Feb 18, 2016, Thomas Edward Henning (director) purchased 3,000 shares at $22.81 per share price. According to the SEC, on Jan 29, 2016, Stephen John Ulenberg (EVP and Chief Risk Officer) purchased 2,000 shares at $25.50 per share price. On Aug 26, 2015, Bryan Leighton Kindopp (Regional President & EVP) purchased 200 shares at $24.04 per share price, according to the Form-4 filing with the securities and exchange commission.
Great Western Bancorp Inc. is a bank holding company. The Company’s primary business is ownership of its subsidiary Great Western Bank (the Bank). The Bank is a regional bank focused on relationship-based business and agribusiness banking. It also focuses on retail banking and wealth management services. The Company’s loan portfolio consists primarily of commercial and industrial commercial real estate loans and agribusiness loans. Its investment activities include the United States treasury securities; the United States agency securities; mortgage-backed securities including government national mortgage association federal national mortgage association small business assistance program; states and political subdivision securities; corporate debt securities and others. It obtains funds from depositors by offering consumer and business demand deposit accounts money market deposit accounts negotiable order of withdrawal accounts savings accounts and term time deposits.