Great Western Bancorp, Inc. (GWB) Rating Lowered to Neutral at FBR & Co

Great Western Bancorp, Inc. (NYSE:GWB) was downgraded by equities research analysts at FBR & Co from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday. They presently have a $44.00 target price on the bank’s stock. FBR & Co’s price objective points to a potential upside of 8.40% from the stock’s current price. FBR & Co also issued estimates for Great Western Bancorp’s Q1 2018 earnings at $0.63 EPS, Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.65 EPS, FY2018 earnings at $2.50 EPS, Q1 2019 earnings at $0.69 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.68 EPS, Q4 2019 earnings at $0.72 EPS and FY2019 earnings at $2.75 EPS.

GWB has been the subject of several other reports. ValuEngine downgraded Great Western Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub downgraded Great Western Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reissued a “buy” rating and issued a $46.00 price objective on shares of Great Western Bancorp in a research note on Friday, July 28th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $46.00 price objective on shares of Great Western Bancorp in a research note on Thursday, September 28th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $41.00 price objective on shares of Great Western Bancorp in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Great Western Bancorp has a consensus rating of “Hold” and a consensus target price of $45.38.

Great Western Bancorp (NYSE:GWB) last announced its earnings results on Thursday, October 26th. The bank reported $0.64 EPS for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $117.75 million. During the same period in the prior year, the business posted $0.57 earnings per share.

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In other news, insider Kenneth James Karels sold 24,000 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $41.09, for a total transaction of $986,160.00. Following the completion of the sale, the insider now directly owns 53,702 shares of the company’s stock, valued at approximately $2,206,615.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen John Ulenberg sold 5,397 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $40.22, for a total value of $217,067.34. Following the sale, the executive vice president now directly owns 20,505 shares of the company’s stock, valued at $824,711.10. The disclosure for this sale can be found here. Insiders have sold a total of 69,280 shares of company stock valued at $2,829,831 over the last ninety days. Company insiders own 0.19% of the company’s stock.

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

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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