Great Western Bancorp Inc. (GWB) Upgraded by Zacks Investment Research to Hold
According to Zacks, “Great Western Bancorp Inc. is a full-service regional bank holding company. It focuses on business and agribusiness banking, complemented by retail banking and wealth management services. The Bank’s loan portfolio consists primarily of business loans, comprised of commercial and industrial, and agribusiness loans. It also provides a range of deposit and loan products to its retail customers through several channels, including its branch network, online banking system, mobile banking applications and customer care centers. The Bank provides wealth management solutions consisting of financial planning, private banking, investment management, and trust services. Great Western Bancorp, Inc. is headquartered in Sioux Falls, South Dakota. “
Several other research analysts have also recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Great Western Bancorp from $35.00 to $38.00 and gave the stock an overweight rating in a research report on Friday, July 29th. Credit Suisse Group AG reissued a sell rating on shares of Great Western Bancorp in a research report on Wednesday, August 24th. Piper Jaffray Cos. began coverage on Great Western Bancorp in a research report on Thursday, October 6th. They set a neutral rating and a $35.00 price target for the company. Beaufort Securities reissued a buy rating on shares of Great Western Bancorp in a research report on Thursday, November 3rd. Finally, Deutsche Bank AG increased their price target on Great Western Bancorp from $38.00 to $39.00 and gave the company a buy rating in a research report on Tuesday, October 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $37.00.
Shares of Great Western Bancorp (NYSE:GWB) traded down 0.26% on Tuesday, hitting $39.11. The company had a trading volume of 31,431 shares. The firm has a market capitalization of $2.30 billion, a P/E ratio of 18.30 and a beta of 1.69. Great Western Bancorp has a 12-month low of $22.68 and a 12-month high of $39.77. The firm has a 50 day moving average of $34.42 and a 200-day moving average of $33.21.
Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.60 earnings per share for the quarter, hitting the 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 quarter in the previous year, the company earned $0.60 earnings per share. On average, equities analysts predict that Great Western Bancorp will post $2.48 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Friday, November 11th will be paid a dividend of $0.17 per share. The ex-dividend date is Tuesday, November 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.73%. This is a positive change from Great Western Bancorp’s previous quarterly dividend of $0.14. Great Western Bancorp’s dividend payout ratio (DPR) is 31.93%.
In related 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 owns 12,406 shares of the company’s stock, valued at $410,266.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 directly owns 300 shares in the company, valued at approximately $11,400. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.
Large investors have recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new stake in shares of Great Western Bancorp during the third quarter worth about $100,000. Victory Capital Management Inc. increased 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 in the last quarter. O Shaughnessy Asset Management LLC increased 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 in the last quarter. Advisor Group Inc. increased 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 in the last quarter. Finally, Sei Investments Co. bought a new stake in shares of Great Western Bancorp during the second quarter worth about $122,000.
About Great Western Bancorp
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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