Shares of Great Western Bancorp, Inc. (NYSE:GWB) have received a consensus recommendation of “Hold” from the thirteen analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $45.22.
Several research analysts have recently issued reports on GWB shares. Deutsche Bank AG lifted their price target on Great Western Bancorp from $43.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. ValuEngine cut Great Western Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub cut Great Western Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Great Western Bancorp in a research note on Friday, July 28th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Great Western Bancorp in a research note on Thursday, September 28th.
Shares of Great Western Bancorp (NYSE GWB) traded up $0.38 during trading on Friday, reaching $39.34. 181,700 shares of the company’s stock traded hands, compared to its average volume of 301,189. The stock has a market capitalization of $2,292.18, a price-to-earnings ratio of 15.84, a P/E/G ratio of 1.95 and a beta of 1.72. Great Western Bancorp has a one year low of $33.27 and a one year high of $45.62. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.00.
Great Western Bancorp (NYSE:GWB) last released its earnings results on Thursday, October 26th. The bank reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Great Western Bancorp had a return on equity of 8.45% and a net margin of 29.09%. The company had revenue of $116.50 million during the quarter, compared to the consensus estimate of $117.75 million. During the same quarter last year, the company earned $0.57 earnings per share. sell-side analysts predict that Great Western Bancorp will post 2.6 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Friday, November 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, November 9th. Great Western Bancorp’s dividend payout ratio is 32.52%.
In related news, CEO Kenneth James Karels sold 12,000 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $39.66, for a total transaction of $475,920.00. Following the completion of the sale, the chief executive officer now owns 62,130 shares in the company, valued at approximately $2,464,075.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stephen John Ulenberg sold 3,000 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $41.80, for a total value of $125,400.00. Following the sale, the executive vice president now owns 14,136 shares of the company’s stock, valued at approximately $590,884.80. The disclosure for this sale can be found here. Insiders have sold 69,280 shares of company stock worth $2,829,831 over the last three months. 0.19% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in GWB. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Great Western Bancorp by 9.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,668 shares of the bank’s stock worth $109,000 after acquiring an additional 223 shares during the period. Flinton Capital Management LLC increased its holdings in Great Western Bancorp by 85.4% during the 2nd quarter. Flinton Capital Management LLC now owns 3,056 shares of the bank’s stock valued at $125,000 after purchasing an additional 1,408 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Great Western Bancorp by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,945 shares of the bank’s stock valued at $161,000 after purchasing an additional 591 shares in the last quarter. Strs Ohio increased its stake in shares of Great Western Bancorp by 7.1% in the 2nd quarter. Strs Ohio now owns 4,500 shares of the bank’s stock valued at $183,000 after buying an additional 300 shares during the period. Finally, Riverhead Capital Management LLC boosted its position in shares of Great Western Bancorp by 85.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,830 shares of the bank’s stock worth $197,000 after purchasing an additional 2,230 shares during the last quarter.
Great Western Bancorp Company Profile
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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