Zacks Investment Research upgraded shares of Great Western Bancorp, Inc. (NYSE:GWB) from a sell rating to a hold rating in a report issued on Tuesday, July 18th.
According to Zacks, “Great Western Bancorp Inc. is a full-service regional bank holding company. It focuses on business and agribusiness banking, complemented by retail banking and wealth management services. The Bank’s loan portfolio consists primarily of business loans, comprised of commercial and industrial, and agribusiness loans. It also provides a range of deposit and loan products to its retail customers through several channels, including its branch network, online banking system, mobile banking applications and customer care centers. The Bank provides wealth management solutions consisting of financial planning, private banking, investment management, and trust services. Great Western Bancorp, Inc. is headquartered in Sioux Falls, South Dakota. “
Several other analysts also recently weighed in on GWB. BidaskClub upgraded Great Western Bancorp from a sell rating to a hold rating in a research report on Saturday, June 10th. Keefe, Bruyette & Woods reiterated a buy rating and issued a $46.00 price objective on shares of Great Western Bancorp in a research report on Monday, April 3rd. FBR & Co began coverage on Great Western Bancorp in a research report on Tuesday, April 11th. They issued an outperform rating and a $48.00 price objective for the company. DA Davidson reissued a buy rating and set a $50.00 target price on shares of Great Western Bancorp in a research note on Wednesday, April 12th. Finally, Royal Bank Of Canada reissued a buy rating and set a $48.00 target price on shares of Great Western Bancorp in a research note on Friday, July 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Great Western Bancorp currently has a consensus rating of Hold and an average target price of $45.56.
Shares of Great Western Bancorp (NYSE GWB) opened at 36.52 on Tuesday. The firm has a 50-day moving average of $39.67 and a 200-day moving average of $41.13. Great Western Bancorp has a one year low of $31.51 and a one year high of $45.62. The company has a market capitalization of $2.15 billion, a P/E ratio of 15.29 and a beta of 1.69.
Great Western Bancorp (NYSE:GWB) last released its earnings results on Thursday, July 27th. The bank reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.03. Great Western Bancorp had a return on equity of 8.44% and a net margin of 28.55%. The firm had revenue of $114.22 million during the quarter, compared to the consensus estimate of $117.10 million. During the same quarter in the previous year, the firm earned $0.59 EPS. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities research analysts expect that Great Western Bancorp will post $2.43 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Friday, August 11th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.19%. Great Western Bancorp’s dividend payout ratio is currently 33.47%.
In other news, insider Bryan Leighton Kindopp sold 766 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $40.95, for a total value of $31,367.70. Following the sale, the insider now directly owns 300 shares of the company’s stock, valued at $12,285. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.23% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in GWB. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Great Western Bancorp by 106.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,445 shares of the bank’s stock worth $104,000 after buying an additional 1,263 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Great Western Bancorp by 2.7% in the first quarter. Victory Capital Management Inc. now owns 3,354 shares of the bank’s stock worth $142,000 after buying an additional 88 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Great Western Bancorp by 92.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,296 shares of the bank’s stock worth $144,000 after buying an additional 1,586 shares in the last quarter. Strs Ohio increased its position in Great Western Bancorp by 7.1% in the second quarter. Strs Ohio now owns 4,500 shares of the bank’s stock worth $183,000 after buying an additional 300 shares in the last quarter. Finally, Riverhead Capital Management LLC increased its position in Great Western Bancorp by 85.8% in the second quarter. Riverhead Capital Management LLC now owns 4,830 shares of the bank’s stock worth $197,000 after buying an additional 2,230 shares in the last quarter.
Great Western Bancorp Company Profile
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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