Keefe, Bruyette & Woods Reaffirms Buy Rating for Great Western Bancorp, Inc. (GWB)

Keefe, Bruyette & Woods restated their buy rating on shares of Great Western Bancorp, Inc. (NYSE:GWB) in a research report report published on Sunday, July 30th. The brokerage currently has a $46.00 price target on the bank’s stock.

A number of other brokerages have also recently issued reports on GWB. Zacks Investment Research raised Great Western Bancorp from a sell rating to a buy rating and set a $47.00 price objective for the company in a report on Wednesday, April 5th. BidaskClub raised Great Western Bancorp from a sell rating to a hold rating in a report on Friday, June 30th. Stephens set a $46.00 price target on Great Western Bancorp and gave the company a buy rating in a report on Friday, July 28th. Royal Bank Of Canada reaffirmed a buy rating and issued a $48.00 price target on shares of Great Western Bancorp in a report on Friday, July 7th. Finally, DA Davidson reaffirmed a buy rating and issued a $50.00 price target on shares of Great Western Bancorp in a report on Wednesday, April 12th. Three analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Great Western Bancorp presently has an average rating of Hold and an average target price of $45.56.

Shares of Great Western Bancorp (GWB) opened at 36.19 on Friday. Great Western Bancorp has a one year low of $31.51 and a one year high of $45.62. The firm’s 50 day moving average is $39.29 and its 200-day moving average is $40.89. The firm has a market capitalization of $2.13 billion, a PE ratio of 15.15 and a beta of 1.69.

Great Western Bancorp (NYSE:GWB) last issued its quarterly earnings data on Thursday, July 27th. The bank reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.03. The company had revenue of $114.22 million for the quarter, compared to the consensus estimate of $117.10 million. Great Western Bancorp had a net margin of 28.55% and a return on equity of 8.44%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 earnings per share. On average, equities research analysts predict that Great Western Bancorp will post $2.43 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Friday, August 11th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Wednesday, August 9th. Great Western Bancorp’s dividend payout ratio (DPR) is presently 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 transaction, the insider now owns 300 shares in the company, valued at approximately $12,285. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.23% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 valued at $104,000 after buying an additional 1,263 shares during the period. Flinton Capital Management LLC boosted its position in Great Western Bancorp by 85.4% in the second quarter. Flinton Capital Management LLC now owns 3,056 shares of the bank’s stock valued at $125,000 after buying an additional 1,408 shares during the period. Victory Capital Management Inc. boosted 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 valued at $142,000 after buying an additional 88 shares during the period. Strs Ohio boosted 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 valued at $183,000 after buying an additional 300 shares during the period. Finally, Riverhead Capital Management LLC boosted 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 valued at $197,000 after buying an additional 2,230 shares during the period.

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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