Great Western Bancorp Inc (NYSE:GWB) has received a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $45.22.
A number of equities research analysts recently commented on the company. ValuEngine upgraded Great Western Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $46.00 target price on shares of Great Western Bancorp in a research report on Thursday, September 28th. FBR & Co lowered Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research report on Tuesday, October 31st. Piper Jaffray Companies set a $40.00 target price on Great Western Bancorp and gave the company a “hold” rating in a research report on Monday, August 21st. Finally, Zacks Investment Research lowered Great Western Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, August 18th.
Shares of Great Western Bancorp (NYSE GWB) traded down $0.51 during mid-day trading on Thursday, hitting $40.14. The stock had a trading volume of 105,594 shares, compared to its average volume of 199,314. Great Western Bancorp has a 1-year low of $33.27 and a 1-year high of $45.62. The stock has a market capitalization of $2,362.40, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 2.01 and a beta of 1.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.02 and a quick ratio of 1.02.
Great Western Bancorp (NYSE:GWB) last issued its earnings results on Thursday, October 26th. The bank reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. The firm had revenue of $116.50 million for the quarter, compared to analyst estimates of $117.75 million. Great Western Bancorp had a return on equity of 8.45% and a net margin of 29.09%. During the same quarter in the prior year, the firm earned $0.57 earnings per share. equities analysts expect that Great Western Bancorp will post 2.6 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Friday, November 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Thursday, November 9th. Great Western Bancorp’s payout ratio is presently 32.52%.
In other Great Western Bancorp news, insider Bryan Leighton Kindopp sold 1,304 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $40.21, for a total value of $52,433.84. Following the completion of the transaction, the insider now directly owns 4,217 shares of the company’s stock, valued at $169,565.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Peter Robert Chapman sold 2,265 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $40.57, for a total value of $91,891.05. Following the completion of the transaction, the chief financial officer now directly owns 16,964 shares of the company’s stock, valued at $688,229.48. The disclosure for this sale can be found here. Insiders sold 71,545 shares of company stock valued at $2,921,722 over the last three months. 0.23% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. Macquarie Group Ltd. raised its stake in shares of Great Western Bancorp by 8.1% during the 3rd quarter. Macquarie Group Ltd. now owns 3,574,672 shares of the bank’s stock worth $147,562,000 after buying an additional 269,230 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Great Western Bancorp by 17.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,044,994 shares of the bank’s stock worth $125,698,000 after buying an additional 460,107 shares during the period. State Street Corp raised its stake in shares of Great Western Bancorp by 10.6% during the 2nd quarter. State Street Corp now owns 2,699,137 shares of the bank’s stock worth $110,148,000 after buying an additional 259,443 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Great Western Bancorp by 6.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,445,666 shares of the bank’s stock worth $99,807,000 after buying an additional 147,426 shares during the period. Finally, Westwood Holdings Group Inc. raised its stake in shares of Great Western Bancorp by 13.3% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,796,874 shares of the bank’s stock worth $73,157,000 after buying an additional 210,971 shares during the period.
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About Great Western Bancorp
Great Western Bancorp, Inc is a full-service regional bank holding company. The Company is the holding company of the Great Western Bank (the Bank). As of September 30, 2016, the Company served customers through 173 branches in various markets in Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota.
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