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Friday, January 21, 2022

Great Western Bancorp Inc. (GWB) Recent Earnings Shows Major Promise

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Many stocks have been testing new highs in 2020, and one of the most notable is Great Western Bancorp Inc. (GWB). Currently, GWB is trading at $18.48 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $20.00.

To add more color to this target, the company’s high over the last year is $36.65 and the low is $10.86. Over the last 52 weeks, GWB is down -49.58% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, GWB reported a profit of $101.98 million. Great Western Bancorp Inc. also saw revenues increase to $125.24 million. In addition, GWB has free cash flow of $46.71 million as of 03-2020.

GWB Return on Equity (ROE) is -36.20%, and its Return on Assets is -4.90%. All told, it is clear that, GWB needs to be on your watchlist.

About Great Western Bancorp Inc.

If readers are unfamiliar, 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. It also provides commercial real estate (CRE) loans, including owner-occupied and non-owner-occupied CRE loans, multifamily residential real estate loans, and construction and development loans; commercial non-real estate loans, such as working capital and other shorter-term lines of credit, and fixed-rate loans; short-term working capital funding, long-term land-related lending, and other tailored services to agri-businesses; and residential mortgage, home equity, auto, and other loans, as well as home equity and general lines of credit. In addition, the company offers wealth management solutions comprising financial planning, private banking, investment management, and trust services; cash management, online business deposit, and wire transfer services; crop insurance; and online, telephone, and mobile banking services. It primarily serves hospitality/tourism, agri-business, freight and transport, and healthcare sectors. As of September 30, 2019, the company’s branch network consisted of 175 branch offices located in 130 communities in Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota, as well as operated 165 ATMs and 11 company-owned ATMs at off-site locations. Great Western Bancorp, Inc. was founded in 1935 and is headquartered in Sioux Falls, South Dakota.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. GWB has a short ratio of 2.05 and outstanding shares of 55.91M.

Company Outlook

GWB has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.52 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -11.13. Investors should also keep an eye on sector updates as GWB has historically followed its peers on positive news.

All told, Great Western Bancorp Inc. GWB has strung together solid data and demonstrated underlying fundamentals. At its current valuation, GWB represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Great Western Bancorp Inc. GWB is now commanding a market cap of 1.03B and a float of 54.78M. GWB is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of GWB stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in GWB, either long or short, and we have not been compensated for this article.

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