Peter Robert Chapman Acquires 3,500 Shares of Great Western Bancorp Inc (NYSE:GWB) Stock
Great Western Bancorp Inc (NYSE:GWB) CFO Peter Robert Chapman acquired 3,500 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were purchased at an average price of $12.76 per share, with a total value of $44,660.00. Following the transaction, the chief financial officer now owns 29,390 shares of the company’s stock, valued at $375,016.40. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of NYSE:GWB opened at $13.00 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.96 and a debt-to-equity ratio of 0.40. Great Western Bancorp Inc has a 12 month low of $10.86 and a 12 month high of $36.65. The company has a 50-day moving average price of $13.65 and a 200 day moving average price of $20.24. The company has a market cap of $715.18 million, a price-to-earnings ratio of 5.65, a PEG ratio of 5.45 and a beta of 1.17.
Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data 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). The firm had revenue of $108.19 million during the quarter, compared to the consensus estimate of $117.15 million. Great Western Bancorp had a positive return on equity of 8.39% and a negative net margin of 120.07%. The firm’s revenue for the quarter was down 27.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 EPS. As a group, equities analysts forecast that Great Western Bancorp Inc will post 1.01 EPS for the current year.
A number of research analysts have recently weighed in on the company. TheStreet lowered Great Western Bancorp from a “c” rating to a “d” rating in a research report on Thursday, April 30th. Piper Sandler cut their price objective on Great Western Bancorp from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday. JPMorgan Chase & Co. lowered Great Western Bancorp from a “neutral” rating to an “underweight” rating and set a $15.00 price objective for the company. in a research report on Monday, May 4th. Zacks Investment Research raised shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Monday, June 8th. Finally, Royal Bank of Canada lowered 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $24.00.
Institutional investors have recently bought and sold shares of the company. Private Capital Group LLC raised its stake in shares of Great Western Bancorp by 169.9% during the first 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. increased its holdings in Great Western Bancorp by 147.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,003 shares of the bank’s stock valued at $70,000 after buying an additional 1,192 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Great Western Bancorp by 44.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,391 shares of the bank’s stock valued at $90,000 after buying an additional 1,360 shares during the period. Advisor Group Holdings Inc. purchased a new position in Great Western Bancorp during the first quarter valued at approximately $113,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Great Western Bancorp during the fourth quarter valued at approximately $205,000. 98.24% of the stock is owned by hedge funds and other institutional investors.
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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