Great Western Bancorp, Inc. (GWB) Receives “Hold” Rating from Piper Jaffray Companies
Piper Jaffray Companies reissued their hold rating on shares of Great Western Bancorp, Inc. (NYSE:GWB) in a report released on Friday morning. The firm currently has a $40.00 price target on the bank’s stock.
A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Great Western Bancorp from a sell rating to a hold rating in a research note on Tuesday, July 18th. Royal Bank Of Canada reaffirmed a buy rating and set a $46.00 target price on shares of Great Western Bancorp in a research note on Friday, September 8th. TheStreet cut shares of Great Western Bancorp from a b rating to a c rating in a research note on Thursday, September 7th. BidaskClub raised shares of Great Western Bancorp from a sell rating to a hold rating in a research note on Friday, June 30th. Finally, Stephens set a $46.00 target price on shares of Great Western Bancorp and gave the stock a buy rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $45.57.
Shares of Great Western Bancorp (GWB) opened at 40.90 on Friday. Great Western Bancorp has a 1-year low of $31.51 and a 1-year high of $45.62. The stock has a 50 day moving average price of $39.64 and a 200 day moving average price of $39.33. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 17.13 and a beta of 1.75.
Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data on Thursday, October 26th. The bank reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $116.50 million for the quarter, compared to analysts’ expectations of $117.75 million. Great Western Bancorp had a net margin of 29.09% and a return on equity of 8.45%. During the same period last year, the firm posted $0.57 earnings per share. Analysts forecast that Great Western Bancorp will post $2.62 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Friday, November 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.80 annualized dividend and a dividend yield of 1.96%. Great Western Bancorp’s dividend payout ratio is 32.52%.
In related news, insider Bryan Leighton Kindopp sold 1,304 shares of the business’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $40.21, for a total value of $52,433.84. Following the sale, the insider now owns 4,217 shares of the company’s stock, valued at $169,565.57. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Kenneth James Karels sold 2,633 shares of the business’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $41.18, for a total transaction of $108,426.94. Following the completion of the sale, the insider now directly owns 68,335 shares in the company, valued at approximately $2,814,035.30. The disclosure for this sale can be found here. In the last three months, insiders sold 69,280 shares of company stock worth $2,829,831. 0.19% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in GWB. BlackRock Inc. lifted its holdings in Great Western Bancorp by 49,025.7% in the first quarter. BlackRock Inc. now owns 7,204,279 shares of the bank’s stock valued at $305,533,000 after buying an additional 7,189,614 shares during the period. Bank of New York Mellon Corp lifted its holdings in Great Western Bancorp by 28.0% in the second quarter. Bank of New York Mellon Corp now owns 2,584,887 shares of the bank’s stock valued at $105,490,000 after buying an additional 565,508 shares during the period. Macquarie Group Ltd. lifted its holdings in Great Western Bancorp by 13.4% in the second quarter. Macquarie Group Ltd. now owns 3,305,442 shares of the bank’s stock valued at $134,895,000 after buying an additional 389,922 shares during the period. Tributary Capital Management LLC acquired a new position in Great Western Bancorp in the second quarter valued at $13,169,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Great Western Bancorp by 32.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,316,082 shares of the bank’s stock valued at $53,710,000 after buying an additional 320,067 shares during the period.
About Great Western Bancorp
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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