Great Western Bancorp Inc. (GWB) Given Consensus Recommendation of “Hold” by Brokerages
Great Western Bancorp Inc. (NYSE:GWB) has received a consensus recommendation of “Hold” from the seven brokerages that are covering the firm. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $37.25.
GWB has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Great Western Bancorp from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Friday, July 29th. Credit Suisse Group AG reiterated a “sell” rating on shares of Great Western Bancorp in a research note on Wednesday, August 24th. Zacks Investment Research upgraded Great Western Bancorp from a “sell” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Tuesday, August 2nd. Piper Jaffray Cos. initiated coverage on Great Western Bancorp in a research note on Thursday, October 6th. They issued a “neutral” rating and a $35.00 price target on the stock. Finally, Beaufort Securities reiterated a “buy” rating on shares of Great Western Bancorp in a research note on Thursday, November 3rd.
Shares of Great Western Bancorp (NYSE:GWB) traded up 0.38% on Friday, hitting $39.30. The company’s stock had a trading volume of 285,042 shares. The company has a 50 day moving average of $33.91 and a 200 day moving average of $33.00. Great Western Bancorp has a 1-year low of $22.68 and a 1-year high of $39.77. The firm has a market cap of $2.31 billion, a PE ratio of 18.39 and a beta of 1.69.
Great Western Bancorp (NYSE:GWB) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.60 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. Great Western Bancorp had a return on equity of 8.33% and a net margin of 27.56%. During the same period in the previous year, the business earned $0.60 EPS. Equities analysts forecast that Great Western Bancorp will post $2.48 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Friday, November 11th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.74%. This is a boost from Great Western Bancorp’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Tuesday, November 8th. Great Western Bancorp’s dividend payout ratio is presently 31.93%.
In other news, insider Kenneth James Karels sold 2,325 shares of the stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $33.07, for a total transaction of $76,887.75. Following the sale, the insider now directly owns 12,406 shares in the company, valued at approximately $410,266.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bryan Leighton Kindopp sold 1,554 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $38.00, for a total value of $59,052.00. Following the sale, the insider now owns 300 shares in the company, valued at $11,400. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.
Several hedge funds have recently made changes to their positions in GWB. Catalyst Capital Advisors LLC bought a new stake in shares of Great Western Bancorp during the third quarter worth $100,000. Victory Capital Management Inc. boosted its stake in shares of Great Western Bancorp by 77.5% in the second quarter. Victory Capital Management Inc. now owns 3,196 shares of the company’s stock worth $101,000 after buying an additional 1,395 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Great Western Bancorp by 0.5% in the second quarter. O Shaughnessy Asset Management LLC now owns 3,331 shares of the company’s stock worth $105,000 after buying an additional 17 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Great Western Bancorp by 8.0% in the third quarter. Advisor Group Inc. now owns 3,383 shares of the company’s stock worth $113,000 after buying an additional 252 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in shares of Great Western Bancorp during the third quarter worth $123,000.
Great Western Bancorp Company Profile
Great Western Bancorp, Inc is a bank holding company. The Company’s primary business is the ownership of its subsidiary, Great Western Bank (the Bank), which is a regional bank focused on relationship-based business and agribusiness banking. It also focuses on retail banking and wealth management services.
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