Revenue Update on Great Western Bancorp Inc(NYSE:GWB)

Great Western Bancorp Inc(NYSE:GWB) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $102.65M. Analysts estimated a revenue of $104.88M. Earnings per share were $0.59. Analysts had estimated an EPS of $0.54.

Great Western Bancorp Inc (GWB) made into the market gainers list on Thursdays trading session with the shares advancing 0.25% or 0.08 points. Due to strong positive momentum, the stock ended at $32.48, which is also near the day’s high of $32.65. The stock began the session at $32.3 and the volume stood at 2,01,917 shares. The 52-week high of the shares is $35.01 and the 52 week low is $22.68. The company has a current market capitalization of $1,794 M and it has 5,52,45,177 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 18, 2016, Thomas Edward Henning (director) purchased 3,000 shares at $22.81 per share price.Also, 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.

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