Insider Selling: Great Western Bancorp Inc (NYSE:GWB) CFO Sells $138,414.00 in Stock
Great Western Bancorp Inc (NYSE:GWB) CFO Peter Robert Chapman sold 4,071 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $34.00, for a total transaction of $138,414.00. Following the completion of the sale, the chief financial officer now directly owns 25,890 shares of the company’s stock, valued at approximately $880,260. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of GWB opened at $34.35 on Friday. The company has a 50 day moving average price of $34.67 and a 200-day moving average price of $33.52. Great Western Bancorp Inc has a fifty-two week low of $28.06 and a fifty-two week high of $38.78. The stock has a market capitalization of $1.93 billion, a PE ratio of 11.62, a PEG ratio of 3.24 and a beta of 1.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 0.95.
Great Western Bancorp (NYSE:GWB) last posted its earnings results on Thursday, October 24th. The bank reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.10. Great Western Bancorp had a net margin of 27.73% and a return on equity of 9.01%. The company had revenue of $121.73 million during the quarter, compared to analysts’ expectations of $123.57 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. Equities research analysts forecast that Great Western Bancorp Inc will post 3.01 EPS for the current year.
Several equities research analysts have recently weighed in on GWB shares. ValuEngine raised shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday. TheStreet cut shares of Great Western Bancorp from a “b” rating to a “c+” rating in a research report on Monday, December 2nd. Stephens cut shares of Great Western Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price target for the company. in a research report on Thursday, December 19th. Finally, Zacks Investment Research cut shares of Great Western Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $37.00.
About Great Western Bancorp
Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agri-business banking, retail banking, and wealth management services in the United States. The company offers noninterest-bearing demand accounts, interest-bearing demand accounts, interest-bearing non-transaction accounts, time deposits, and corporate credit cards.
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