Great Western Bancorp, Inc. (GWB) Downgraded by B. Riley to Neutral

B. Riley lowered shares of Great Western Bancorp, Inc. (NYSE:GWB) from a buy rating to a neutral rating in a research report released on Wednesday morning. B. Riley currently has $44.00 target price on the bank’s stock.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered Great Western Bancorp from a hold rating to a sell rating in a research report on Friday, August 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, July 28th. ValuEngine raised Great Western Bancorp from a hold rating to a buy rating in a research note on Wednesday, September 27th. Stephens set a $46.00 target price on Great Western Bancorp and gave the stock a buy rating in a research note on Friday, July 28th. Finally, TheStreet downgraded Great Western Bancorp from a b rating to a c rating in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $45.38.

Great Western Bancorp (NYSE:GWB) last released its quarterly earnings data on Thursday, October 26th. The bank reported $0.64 EPS 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 business had revenue of $116.50 million for the quarter, compared to analyst estimates of $117.75 million. During the same quarter in the prior year, the firm posted $0.57 EPS.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Friday, November 10th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, November 9th. Great Western Bancorp’s payout ratio is 32.52%.

In related news, insider Bryan Leighton Kindopp sold 1,304 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $40.21, for a total value of $52,433.84. Following the completion of the transaction, the insider now directly owns 4,217 shares of the company’s stock, valued at approximately $169,565.57. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Kenneth James Karels sold 12,000 shares of the stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $39.66, for a total value of $475,920.00. Following the completion of the transaction, the chief executive officer now directly owns 62,130 shares of the company’s stock, valued at $2,464,075.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,280 shares of company stock valued at $2,829,831. 0.23% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of GWB. BlackRock Inc. raised its stake in Great Western Bancorp by 49,025.7% in the 1st quarter. BlackRock Inc. now owns 7,204,279 shares of the bank’s stock valued at $305,533,000 after purchasing an additional 7,189,614 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Great Western Bancorp by 28.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,584,887 shares of the bank’s stock valued at $105,490,000 after purchasing an additional 565,508 shares during the last quarter. Macquarie Group Ltd. raised its stake in Great Western Bancorp by 13.4% in the 2nd quarter. Macquarie Group Ltd. now owns 3,305,442 shares of the bank’s stock valued at $134,895,000 after purchasing an additional 389,922 shares during the last quarter. Tributary Capital Management LLC acquired a new position in Great Western Bancorp in the 2nd quarter valued at $13,169,000. Finally, Dimensional Fund Advisors LP raised its stake in Great Western Bancorp by 32.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,316,082 shares of the bank’s stock valued at $53,710,000 after purchasing an additional 320,067 shares during 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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