Great Western Bancorp, Inc. (GWB) Cut to Hold at ValuEngine
Great Western Bancorp, Inc. (NYSE:GWB) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday.
Other analysts have also issued research reports about the stock. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $47.00 price target on shares of Great Western Bancorp in a research report on Tuesday, May 30th. Royal Bank Of Canada reissued a “buy” rating and issued a $48.00 price target on shares of Great Western Bancorp in a research report on Friday, July 7th. Stephens set a $46.00 price target on shares of Great Western Bancorp and gave the company a “buy” rating in a research report on Friday, July 28th. Piper Jaffray Companies set a $42.00 price target on shares of Great Western Bancorp and gave the company a “hold” rating in a research report on Thursday, July 27th. Finally, BidaskClub raised shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. Great Western Bancorp currently has an average rating of “Buy” and a consensus price target of $45.44.
Great Western Bancorp (GWB) opened at 36.01 on Friday. Great Western Bancorp has a one year low of $31.51 and a one year high of $45.62. The stock’s 50 day moving average is $38.04 and its 200 day moving average is $40.42. The company has a market capitalization of $2.12 billion, a PE ratio of 15.08 and a beta of 1.69.
Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings results on Thursday, July 27th. The bank reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by $0.03. Great Western Bancorp had a net margin of 28.55% and a return on equity of 8.44%. The business had revenue of $114.22 million during the quarter, compared to the consensus estimate of $117.10 million. During the same period last year, the firm earned $0.59 EPS. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, analysts anticipate that Great Western Bancorp will post $2.43 earnings per share for the current fiscal year.
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In other news, insider Bryan Leighton Kindopp sold 766 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $40.95, for a total value of $31,367.70. Following the completion of the sale, the insider now owns 300 shares of the company’s stock, valued at approximately $12,285. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in GWB. Bank of America Corp DE boosted its stake in shares of Great Western Bancorp by 23.3% in the first quarter. Bank of America Corp DE now owns 1,036,061 shares of the bank’s stock worth $43,940,000 after buying an additional 195,769 shares during the period. Dubuque Bank & Trust Co. acquired a new stake in shares of Great Western Bancorp during the second quarter worth about $199,000. Ameriprise Financial Inc. boosted its stake in shares of Great Western Bancorp by 22.4% in the first quarter. Ameriprise Financial Inc. now owns 595,511 shares of the bank’s stock worth $25,254,000 after buying an additional 109,101 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Great Western Bancorp by 32.8% in the second quarter. Fisher Asset Management LLC now owns 124,663 shares of the bank’s stock worth $5,087,000 after buying an additional 30,808 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in shares of Great Western Bancorp during the first quarter worth about $483,000.
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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