Shares of Great Western Bancorp, Inc. (NYSE:GWB) have received an average rating of “Hold” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $45.38.
Several research analysts have commented on the company. DA Davidson reissued a “buy” rating and issued a $50.00 price objective on shares of Great Western Bancorp in a research report on Wednesday, April 12th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $47.00 price objective on shares of Great Western Bancorp in a research report on Tuesday, May 30th. Royal Bank Of Canada reissued a “buy” rating and issued a $48.00 price objective on shares of Great Western Bancorp in a research report on Friday, July 7th. Stephens set a $46.00 price objective on Great Western Bancorp and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, BidaskClub raised Great Western Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th.
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Great Western Bancorp (NYSE GWB) traded down 1.74% on Friday, reaching $38.95. The company had a trading volume of 139,553 shares. The stock has a market capitalization of $2.29 billion, a P/E ratio of 16.31 and a beta of 1.69. Great Western Bancorp has a 12 month low of $31.51 and a 12 month high of $45.62. The firm has a 50-day moving average of $39.98 and a 200-day moving average of $41.33.
Great Western Bancorp (NYSE:GWB) last issued 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 net margin of 28.55% and a return on equity of 8.44%. The firm had revenue of $114.22 million during the quarter, compared to analyst estimates of $117.10 million. During the same quarter in the previous year, the business posted $0.59 EPS. Great Western Bancorp’s revenue was up 13.4% compared to the same quarter last year. On average, equities research analysts expect that Great Western Bancorp will post $2.43 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Friday, August 11th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Wednesday, August 9th. Great Western Bancorp’s payout ratio is 33.47%.
In other news, insider Bryan Leighton Kindopp sold 766 shares of Great Western Bancorp stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $40.95, for a total transaction of $31,367.70. Following the sale, the insider now directly owns 300 shares of the company’s stock, valued at $12,285. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 period. Victory Capital Management Inc. increased its position in 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 period. 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 during the period. Dubuque Bank & Trust Co. purchased a new position in Great Western Bancorp during the second quarter worth approximately $199,000. Finally, Koch Industries Inc. purchased a new position in Great Western Bancorp during the first quarter worth approximately $214,000.
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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