James Brannen Acquires 5,000 Shares of Great Western Bancorp Inc (NYSE:GWB) Stock
Great Western Bancorp Inc (NYSE:GWB) Director James Brannen bought 5,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were purchased at an average price of $12.55 per share, with a total value of $62,750.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $62,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Great Western Bancorp stock opened at $13.00 on Friday. The stock has a market cap of $715.18 million, a P/E ratio of 5.65, a price-to-earnings-growth ratio of 5.45 and a beta of 1.17. The company has a current ratio of 0.93, a quick ratio of 0.96 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average of $13.65 and a 200-day moving average of $20.24. Great Western Bancorp Inc has a 52 week low of $10.86 and a 52 week high of $36.65.
Great Western Bancorp (NYSE:GWB) last released its earnings results on Wednesday, July 29th. The bank reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.10). The business had revenue of $108.19 million for the quarter, compared to analysts’ expectations of $117.15 million. Great Western Bancorp had a negative net margin of 120.07% and a positive return on equity of 8.39%. The business’s quarterly revenue was down 27.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 earnings per share. As a group, equities analysts predict that Great Western Bancorp Inc will post 1.01 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the stock. Private Capital Group LLC raised its position in shares of Great Western Bancorp by 169.9% during the 1st quarter. Private Capital Group LLC now owns 1,325 shares of the bank’s stock valued at $27,000 after acquiring an additional 834 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Great Western Bancorp by 147.0% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,003 shares of the bank’s stock valued at $70,000 after acquiring an additional 1,192 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Great Western Bancorp by 44.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,391 shares of the bank’s stock worth $90,000 after buying an additional 1,360 shares during the period. Advisor Group Holdings Inc. acquired a new stake in Great Western Bancorp in the first quarter worth $113,000. Finally, Sciencast Management LP acquired a new stake in Great Western Bancorp in the second quarter worth $160,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on GWB shares. Piper Sandler decreased their price target on Great Western Bancorp from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday. Zacks Investment Research upgraded Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Monday, June 8th. TheStreet cut Great Western Bancorp from a “c” rating to a “d” rating in a report on Thursday, April 30th. ValuEngine upgraded Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 15th. Finally, Royal Bank of Canada reduced their target price on Great Western Bancorp from $19.00 to $17.00 and set an “outperform” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $24.00.
Great Western Bancorp Company Profile
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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