Somewhat Positive Media Coverage Somewhat Unlikely to Impact Great Western Bancorp (GWB) Share Price
News articles about Great Western Bancorp (NYSE:GWB) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Great Western Bancorp earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.296115139777 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Great Western Bancorp, Inc. (GWB) Expected to Post Quarterly Sales of $119.87 Million (americanbankingnews.com)
- Analysts Expect Great Western Bancorp, Inc. (GWB) to Post $0.63 EPS (americanbankingnews.com)
- Great Western Bancorp, Inc. (GWB) Given a $40.00 Price Target by Piper Jaffray Companies Analysts (americanbankingnews.com)
- Institutional Investors Lead Shift in Great Western Bancorporation Inc (NYSE:GWB) Sentiment (expressnewsline.com)
- Great Western Bancorp, Inc. (GWB) Stock Rating Lowered by BidaskClub (currenthollywood.com)
Shares of Great Western Bancorp (NYSE:GWB) opened at 36.32 on Thursday. The firm has a 50 day moving average price of $38.93 and a 200-day moving average price of $40.73. Great Western Bancorp has a one year low of $31.51 and a one year high of $45.62. The firm has a market cap of $2.13 billion, a P/E ratio of 15.21 and a beta of 1.69.
Great Western Bancorp (NYSE:GWB) last issued its quarterly earnings results on Thursday, July 27th. The bank reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The business had revenue of $114.22 million for the quarter, compared to analysts’ expectations of $117.10 million. Great Western Bancorp had a return on equity of 8.44% and a net margin of 28.55%. The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 EPS. Analysts forecast that Great Western Bancorp will post $2.43 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Friday, August 11th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Wednesday, August 9th. Great Western Bancorp’s dividend payout ratio is presently 33.47%.
A number of brokerages recently issued reports on GWB. Piper Jaffray Companies reissued a “hold” rating and set a $41.00 price target on shares of Great Western Bancorp in a research report on Thursday, August 3rd. BidaskClub raised Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $46.00 price target on shares of Great Western Bancorp in a research report on Sunday, July 30th. Zacks Investment Research downgraded Great Western Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $46.00 price target on shares of Great Western Bancorp in a research report on Friday, July 28th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.44.
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In other news, insider Bryan Leighton Kindopp sold 766 shares of Great Western Bancorp stock in a transaction on Monday, June 12th. The shares were sold at an average price of $40.95, for a total transaction of $31,367.70. Following the transaction, the insider now owns 300 shares in the company, valued at approximately $12,285. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.19% of the company’s stock.
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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