Great Western Bancorp Inc (NYSE:GWB) has been assigned an average recommendation of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $46.56.
Several research analysts recently weighed in on GWB shares. Zacks Investment Research upgraded Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. ValuEngine cut Great Western Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Deutsche Bank boosted their price objective on Great Western Bancorp from $43.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Piper Jaffray Companies restated a “hold” rating and issued a $40.00 price objective on shares of Great Western Bancorp in a research report on Friday, October 27th. Finally, B. Riley cut Great Western Bancorp from a “buy” rating to a “neutral” rating and set a $44.00 price objective for the company. in a research report on Wednesday, November 1st.
Great Western Bancorp (GWB) opened at $42.69 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $2,514.28, a P/E ratio of 16.74, a P/E/G ratio of 1.44 and a beta of 1.62. Great Western Bancorp has a 12-month low of $33.27 and a 12-month high of $45.62.
Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.09. The company had revenue of $117.30 million during the quarter, compared to analysts’ expectations of $118.85 million. Great Western Bancorp had a return on equity of 8.66% and a net margin of 27.04%. During the same period last year, the business earned $0.63 earnings per share. equities analysts predict that Great Western Bancorp will post 2.86 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Friday, February 9th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Thursday, February 8th. Great Western Bancorp’s dividend payout ratio (DPR) is presently 34.48%.
In other news, EVP Stephen John Ulenberg sold 3,000 shares of Great Western Bancorp stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $41.81, for a total value of $125,430.00. Following the sale, the executive vice president now directly owns 12,736 shares of the company’s stock, valued at $532,492.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kenneth James Karels sold 1,510 shares of Great Western Bancorp stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $45.00, for a total value of $67,950.00. The disclosure for this sale can be found here. Insiders sold 6,775 shares of company stock valued at $285,271 over the last 90 days. Company insiders own 0.33% of the company’s stock.
Several large investors have recently modified their holdings of GWB. Bank of New York Mellon Corp boosted its stake in shares of Great Western Bancorp by 17.8% in the third quarter. Bank of New York Mellon Corp now owns 3,044,994 shares of the bank’s stock worth $125,698,000 after acquiring an additional 460,107 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Great Western Bancorp by 23.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,618,372 shares of the bank’s stock worth $66,805,000 after acquiring an additional 302,290 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Great Western Bancorp by 8.1% in the third quarter. Macquarie Group Ltd. now owns 3,574,672 shares of the bank’s stock worth $147,562,000 after acquiring an additional 269,230 shares during the last quarter. State Street Corp boosted its stake in shares of Great Western Bancorp by 10.6% in the second quarter. State Street Corp now owns 2,699,137 shares of the bank’s stock worth $110,148,000 after acquiring an additional 259,443 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Great Western Bancorp by 3.4% in the fourth quarter. BlackRock Inc. now owns 7,582,407 shares of the bank’s stock worth $301,779,000 after acquiring an additional 246,788 shares during the last quarter.
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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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