Great Western Bancorp Inc (NYSE:GWB) Director James Brannen Buys 5,000 Shares
Great Western Bancorp Inc (NYSE:GWB) Director James Brannen acquired 5,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was bought at an average price of $12.55 per share, with a total value of $62,750.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $62,750. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of NYSE:GWB opened at $13.00 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.96 and a current ratio of 0.93. The company has a market cap of $699.23 million, a PE ratio of -1.13, a price-to-earnings-growth ratio of 5.33 and a beta of 1.17. Great Western Bancorp Inc has a 52 week low of $10.86 and a 52 week high of $36.65. The firm has a 50 day simple moving average of $13.65 and a 200 day simple moving average of $20.24.
Great Western Bancorp (NYSE:GWB) last issued its quarterly earnings results on Wednesday, July 29th. The bank reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.10). The firm had revenue of $108.19 million during the quarter, compared to analysts’ expectations of $117.15 million. Great Western Bancorp had a negative net margin of 120.07% and a positive return on equity of 8.39%. The firm’s revenue was down 27.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 EPS. On average, equities analysts predict that Great Western Bancorp Inc will post 1.04 earnings per share for the current year.
GWB has been the subject of several recent analyst reports. Piper Sandler decreased their price objective on shares of Great Western Bancorp from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday. ValuEngine raised shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 15th. Zacks Investment Research raised shares of Great Western Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, June 8th. Royal Bank of Canada cut their target price on shares of Great Western Bancorp from $19.00 to $17.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, TheStreet lowered shares of Great Western Bancorp from a “c” rating to a “d” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $24.00.
Several large investors have recently modified their holdings of the stock. Schafer Cullen Capital Management Inc purchased a new stake in shares of Great Western Bancorp in the 2nd quarter valued at approximately $436,000. Cullen Capital Management LLC purchased a new stake in shares of Great Western Bancorp in the 2nd quarter valued at approximately $201,000. UBS Group AG lifted its position in shares of Great Western Bancorp by 69.0% in the 2nd quarter. UBS Group AG now owns 54,010 shares of the bank’s stock valued at $743,000 after acquiring an additional 22,048 shares in the last quarter. Sciencast Management LP purchased a new stake in shares of Great Western Bancorp in the 2nd quarter valued at approximately $160,000. Finally, Fourthstone LLC acquired a new position in Great Western Bancorp in the 2nd quarter valued at approximately $1,109,000. Institutional investors and hedge funds own 98.24% of the company’s stock.
Great Western Bancorp Company Profile
Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agri-business banking, retail banking, and wealth management services in the United States. The company offers noninterest-bearing demand accounts, interest-bearing demand accounts, interest-bearing non-transaction accounts, time deposits, and corporate credit cards.
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