Insider Selling: Great Western Bancorp, Inc. (GWB) CFO Sells $281,781.32 in Stock
Great Western Bancorp, Inc. (NYSE:GWB) CFO Peter Robert Chapman sold 7,006 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $40.22, for a total transaction of $281,781.32. Following the completion of the sale, the chief financial officer now directly owns 24,545 shares of the company’s stock, valued at approximately $987,199.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Great Western Bancorp, Inc. (GWB) opened at 40.00 on Friday. The stock has a market cap of $2.35 billion, a PE ratio of 16.75 and a beta of 1.75. Great Western Bancorp, Inc. has a 52-week low of $31.51 and a 52-week high of $45.62. The company’s 50-day moving average is $37.22 and its 200-day moving average is $39.43.
Great Western Bancorp (NYSE:GWB) last posted its quarterly earnings results on Thursday, July 27th. The bank reported $0.59 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.03). Great Western Bancorp had a return on equity of 8.44% and a net margin of 28.55%. The firm had revenue of $114.22 million for the quarter, compared to analyst estimates of $117.10 million. During the same quarter last year, the firm earned $0.59 EPS. The company’s revenue was up 13.4% on a year-over-year basis. Equities analysts anticipate that Great Western Bancorp, Inc. will post $2.43 EPS for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of GWB. BlackRock Inc. grew its holdings in 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 acquiring an additional 7,189,614 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in 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 acquiring an additional 565,508 shares in the last quarter. Macquarie Group Ltd. grew its holdings in 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 acquiring an additional 389,922 shares in the last quarter. Tributary Capital Management LLC acquired a new position in Great Western Bancorp during the 2nd quarter worth approximately $13,169,000. Finally, Dimensional Fund Advisors LP grew its holdings in 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 acquiring an additional 320,067 shares in the last quarter.
GWB has been the subject of several research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $48.00 price target on shares of Great Western Bancorp in a research report on Friday, July 7th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $46.00 target price on shares of Great Western Bancorp in a research report on Sunday, July 30th. Stephens set a $46.00 target price on shares of Great Western Bancorp and gave the company a “buy” rating in a research report on Friday, July 28th. ValuEngine raised shares of Great Western Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Finally, TheStreet cut shares of Great Western Bancorp from a “b” rating to a “c” rating in a research report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $45.25.
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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