Piper Jaffray Companies reissued their hold rating on shares of Great Western Bancorp, Inc. (NYSE:GWB) in a research note published on Friday. Piper Jaffray Companies currently has a $40.00 price target on the bank’s stock.
Several other equities research analysts have also weighed in on GWB. BidaskClub upgraded Great Western Bancorp from a sell rating to a hold rating in a report on Friday, June 30th. Royal Bank Of Canada restated a buy rating and issued a $48.00 target price on shares of Great Western Bancorp in a report on Friday, July 7th. Zacks Investment Research upgraded Great Western Bancorp from a sell rating to a hold rating in a report on Tuesday, July 18th. Stephens set a $46.00 target price on Great Western Bancorp and gave the stock a buy rating in a report on Friday, July 28th. Finally, Keefe, Bruyette & Woods restated a buy rating and issued a $46.00 target price on shares of Great Western Bancorp in a report on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $46.14.
Shares of Great Western Bancorp (GWB) traded down 2.74% during mid-day trading on Friday, reaching $41.12. 65,424 shares of the company’s stock traded hands. Great Western Bancorp has a 1-year low of $31.51 and a 1-year high of $45.62. The firm has a 50-day moving average price of $39.47 and a 200-day moving average price of $39.36. The company has a market capitalization of $2.42 billion, a P/E ratio of 17.22 and a beta of 1.75.
Great Western Bancorp (NYSE:GWB) last posted its earnings results on Thursday, October 26th. The bank reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. Great Western Bancorp had a return on equity of 8.45% and a net margin of 29.09%. The firm had revenue of $116.50 million during the quarter, compared to analyst estimates of $117.75 million. During the same period in the previous year, the company earned $0.57 EPS. On average, equities research analysts forecast that Great Western Bancorp will post $2.62 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, November 10th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, November 9th. Great Western Bancorp’s dividend payout ratio is currently 32.52%.
In other news, CEO Kenneth James Karels sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $39.66, for a total transaction of $475,920.00. Following the sale, the chief executive officer now directly owns 62,130 shares in the company, valued at $2,464,075.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bryan Leighton Kindopp sold 1,304 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $169,565.57. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,280 shares of company stock worth $2,704,431. Company insiders own 0.19% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in GWB. UBS Asset Management Americas Inc. increased its position in shares of Great Western Bancorp by 48.7% during the first quarter. UBS Asset Management Americas Inc. now owns 31,552 shares of the bank’s stock valued at $1,338,000 after purchasing an additional 10,331 shares during the period. Victory Capital Management Inc. boosted its stake in Great Western Bancorp by 2.7% in the 1st 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 in the last quarter. OppenheimerFunds Inc. boosted its stake in Great Western Bancorp by 20.5% in the 1st quarter. OppenheimerFunds Inc. now owns 25,110 shares of the bank’s stock valued at $1,065,000 after buying an additional 4,277 shares in the last quarter. Teachers Advisors LLC boosted its stake in Great Western Bancorp by 0.5% in the 1st quarter. Teachers Advisors LLC now owns 464,690 shares of the bank’s stock valued at $19,708,000 after buying an additional 2,510 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in Great Western Bancorp by 164.0% in the 1st quarter. California Public Employees Retirement System now owns 158,555 shares of the bank’s stock valued at $6,724,000 after buying an additional 98,500 shares in the last quarter.
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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