BidaskClub lowered shares of Great Western Bancorp, Inc. (NYSE:GWB) from a sell rating to a strong sell rating in a report released on Thursday.

Several other equities analysts have also recently commented on the stock. J P Morgan Chase & Co cut shares of Great Western Bancorp from an overweight rating to a neutral rating and cut their target price for the company from $48.00 to $47.00 in a research note on Friday, April 28th. DA Davidson reiterated a buy rating and set a $50.00 target price on shares of Great Western Bancorp in a research note on Wednesday, April 12th. Zacks Investment Research upgraded shares of Great Western Bancorp from a sell rating to a buy rating and set a $47.00 target price for the company in a research note on Wednesday, April 5th. FBR & Co started coverage on shares of Great Western Bancorp in a research note on Tuesday, April 11th. They set an outperform rating and a $48.00 target price for the company. Finally, Keefe, Bruyette & Woods reiterated a buy rating and set a $47.00 target price on shares of Great Western Bancorp in a research note on Tuesday, May 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $45.67.

Shares of Great Western Bancorp (NYSE GWB) traded up 2.00% on Thursday, reaching $38.77. 78,805 shares of the company’s stock traded hands. The company’s 50-day moving average is $40.08 and its 200-day moving average is $41.42. Great Western Bancorp has a 52 week low of $31.51 and a 52 week high of $45.62. The firm has a market capitalization of $2.28 billion, a P/E ratio of 16.24 and a beta of 1.73.

Great Western Bancorp (NYSE:GWB) last released its earnings results on Thursday, July 27th. The bank reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The company had revenue of $114.22 million for the quarter, compared to analyst estimates of $117.10 million. Great Western Bancorp had a net margin of 28.55% and a return on equity of 8.44%. Great Western Bancorp’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 earnings per share. Equities research analysts anticipate that Great Western Bancorp will post $2.47 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, August 23rd. Shareholders of record on Friday, August 11th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.10%. The ex-dividend date is Wednesday, August 9th. Great Western Bancorp’s dividend payout ratio (DPR) is presently 33.47%.

In other Great Western Bancorp news, insider Bryan Leighton Kindopp sold 766 shares of the business’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 sale, the insider now owns 300 shares of the company’s stock, valued at approximately $12,285. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.19% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of Great Western Bancorp by 49,025.7% in the first quarter. BlackRock Inc. now owns 7,204,279 shares of the bank’s stock valued at $305,533,000 after buying an additional 7,189,614 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Great Western Bancorp by 162.4% in the first quarter. Bank of New York Mellon Corp now owns 2,019,379 shares of the bank’s stock valued at $85,642,000 after buying an additional 1,249,865 shares during the period. Norges Bank acquired a new stake in shares of Great Western Bancorp during the fourth quarter valued at about $25,923,000. Tributary Capital Management LLC acquired a new stake in shares of Great Western Bancorp during the second quarter valued at about $13,169,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Great Western Bancorp by 45.8% in the first quarter. Dimensional Fund Advisors LP now owns 996,015 shares of the bank’s stock valued at $42,241,000 after buying an additional 312,833 shares during the period.

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.

Analyst Recommendations for Great Western Bancorp (NYSE:GWB)

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