Stephens Reiterates “$46.00” Price Target for Great Western Bancorp, Inc. (NYSE:GWB)
GWB has been the topic of a number of other reports. Zacks Investment Research cut shares of Great Western Bancorp from a hold rating to a sell rating in a report on Monday, May 15th. Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $47.00 target price on shares of Great Western Bancorp in a report on Tuesday, May 30th. BidaskClub raised shares of Great Western Bancorp from a sell rating to a hold rating in a report on Friday, June 30th. Royal Bank Of Canada reaffirmed a buy rating and issued a $48.00 target price on shares of Great Western Bancorp in a report on Friday, July 7th. Finally, DA Davidson reaffirmed a buy rating and issued a $50.00 target price on shares of Great Western Bancorp in a report on Wednesday, April 12th. Two investment 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. The company presently has a consensus rating of Hold and a consensus target price of $45.67.
Great Western Bancorp (NYSE:GWB) traded up 0.41% during mid-day trading on Friday, reaching $39.17. 27,426 shares of the company’s stock traded hands. The stock’s 50 day moving average is $40.03 and its 200-day moving average is $41.36. The stock has a market capitalization of $2.30 billion, a PE ratio of 16.40 and a beta of 1.73. Great Western Bancorp has a 52 week low of $31.51 and a 52 week high of $45.62.
Great Western Bancorp (NYSE:GWB) last released its quarterly earnings data on Thursday, July 27th. The bank reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $114.22 million for the quarter, compared to analyst estimates of $117.10 million. During the same period in the previous year, the business posted $0.59 EPS. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities analysts anticipate that Great Western Bancorp will post $2.47 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Friday, August 11th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.80 annualized dividend and a dividend yield of 2.05%. Great Western Bancorp’s payout ratio is currently 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 transaction of $31,367.70. Following the sale, the insider now directly owns 300 shares in the company, valued at approximately $12,285. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Great Western Bancorp by 106.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,445 shares of the bank’s stock valued at $104,000 after buying an additional 1,263 shares in the last quarter. Victory Capital Management Inc. raised its stake in Great Western Bancorp by 2.7% in the first quarter. Victory Capital Management Inc. now owns 3,354 shares of the bank’s stock valued at $142,000 after buying an additional 88 shares in the last quarter. Strs Ohio raised its stake in Great Western Bancorp by 7.1% in the second quarter. Strs Ohio now owns 4,500 shares of the bank’s stock valued at $183,000 after buying an additional 300 shares in the last quarter. Dubuque Bank & Trust Co. acquired a new stake in Great Western Bancorp during the second quarter valued at approximately $199,000. Finally, Koch Industries Inc. acquired a new stake in Great Western Bancorp during the first quarter valued at approximately $214,000.
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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