Douglas Richard Bass Purchases 15,000 Shares of Great Western Bancorp Inc (NYSE:GWB) Stock
Great Western Bancorp Inc (NYSE:GWB) EVP Douglas Richard Bass purchased 15,000 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was bought at an average price of $12.76 per share, with a total value of $191,400.00. Following the acquisition, the executive vice president now directly owns 41,548 shares in the company, valued at $530,152.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Great Western Bancorp stock opened at $13.00 on Friday. Great Western Bancorp Inc has a 12-month low of $10.86 and a 12-month high of $36.65. The stock has a market capitalization of $715.13 million, a P/E ratio of -1.13, a P/E/G ratio of 5.33 and a beta of 1.17. The firm’s 50-day moving average is $13.65 and its two-hundred day moving average is $20.24. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.96.
Great Western Bancorp (NYSE:GWB) last released its quarterly earnings results on Wednesday, July 29th. The bank reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.10). Great Western Bancorp had a positive return on equity of 8.39% and a negative net margin of 120.07%. The firm had revenue of $108.19 million for the quarter, compared to analyst estimates of $117.15 million. During the same period in the prior year, the business earned $0.47 earnings per share. Great Western Bancorp’s revenue for the quarter was down 27.4% on a year-over-year basis. As a group, analysts forecast that Great Western Bancorp Inc will post 1.04 EPS for the current year.
A number of equities analysts have recently issued reports on GWB shares. Zacks Investment Research upgraded shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Monday, June 8th. TheStreet downgraded shares of Great Western Bancorp from a “c” rating to a “d” rating in a report on Thursday, April 30th. Royal Bank of Canada cut their price target on shares of Great Western Bancorp from $19.00 to $17.00 and set an “outperform” rating for the company in a report on Thursday. JPMorgan Chase & Co. downgraded shares of Great Western Bancorp from a “neutral” rating to an “underweight” rating and set a $15.00 target price for the company. in a report on Monday, May 4th. Finally, Piper Sandler dropped their target price on shares of Great Western Bancorp from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Great Western Bancorp has an average rating of “Hold” and a consensus price target of $24.00.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schafer Cullen Capital Management Inc acquired a new stake in shares of Great Western Bancorp in the second quarter worth approximately $436,000. Cullen Capital Management LLC acquired a new stake in shares of Great Western Bancorp in the second quarter worth approximately $201,000. UBS Group AG lifted its position in Great Western Bancorp by 69.0% during the second quarter. UBS Group AG now owns 54,010 shares of the bank’s stock valued at $743,000 after buying an additional 22,048 shares in the last quarter. Sciencast Management LP acquired a new position in Great Western Bancorp during the second quarter valued at approximately $160,000. Finally, Fourthstone LLC acquired a new position in Great Western Bancorp during the second quarter valued at approximately $1,109,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.
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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