Great Western Bancorp (NYSE:GWB) Trading Down 5.8%

Great Western Bancorp Inc (NYSE:GWB)’s stock price was down 5.8% on Wednesday . The stock traded as low as $31.70 and last traded at $32.97, approximately 1,599,084 shares were traded during trading. An increase of 368% from the average daily volume of 341,854 shares. The stock had previously closed at $35.01.

Several equities analysts recently weighed in on GWB shares. Zacks Investment Research upgraded shares of General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. DA Davidson reiterated a “buy” rating on shares of Great Western Bancorp in a report on Thursday, April 25th.

The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.99 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 1.49 and a beta of 1.65. The business has a fifty day simple moving average of $34.02.

Great Western Bancorp (NYSE:GWB) last issued its quarterly earnings data on Thursday, April 25th. The bank reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). Great Western Bancorp had a return on equity of 9.75% and a net margin of 30.31%. The firm had revenue of $121.70 million during the quarter, compared to analyst estimates of $121.78 million. During the same quarter in the prior year, the firm earned $0.69 EPS. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, research analysts anticipate that Great Western Bancorp Inc will post 3.16 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in Great Western Bancorp in the 4th quarter worth $21,623,000. Great West Life Assurance Co. Can increased its position in shares of Great Western Bancorp by 2.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 77,884 shares of the bank’s stock worth $2,459,000 after purchasing an additional 1,616 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of Great Western Bancorp in the 4th quarter worth about $609,000. Hsbc Holdings PLC bought a new stake in shares of Great Western Bancorp in the 4th quarter worth about $2,325,000. Finally, Westwood Holdings Group Inc. increased its position in shares of Great Western Bancorp by 39.5% in the 1st quarter. Westwood Holdings Group Inc. now owns 966,178 shares of the bank’s stock worth $30,522,000 after purchasing an additional 273,670 shares during the last quarter. Hedge funds and other institutional investors own 99.45% of the company’s stock.

Great Western Bancorp Company Profile (NYSE:GWB)

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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